6.10 Market Analysis BTC 4-Hour Chart Analysis & Trading Ideas (Technical Review Only, Not Financial Advice)



Refer to the rebound for shorting

Bitcoin: Price surged to the 62468 midline, then stagnated and declined on lower volume
Entry zone: 62380-62468, target at 63468
First target: 60786, second target: 59780

Market signals, Bollinger Bands: midline 62468.2, upper band 64150.3, lower band 60786, current price 61685, trading below the midline, after a sharp drop, the range is being repaired, the midline acts as strong resistance, the lower band as support, 59080 is a key low point for bulls and bears.

MACD: Both lines are below the zero axis, with small red bars indicating diminishing downward momentum, the overall bearish trend has not reversed, only oversold correction.

K-line trend: From a sharp drop from 74250 to 59080, a slight rebound to 64100 faced resistance and pulled back, current $BTC rebound strength is weak.
BTC-3.43%
ETH-4%
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