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June 10th Bitcoin Morning Public Strategy
Bitcoin is currently priced at 61,310, down 2.44% intraday, surged to a high of 61,947 in the early session before stepping down in a stair-step pattern, with an intraday trading range of 60,755-63,499.
The 15-minute short-term cycle and the 1-hour long-term cycle are both weakening simultaneously. During the correction phase, trading volume continues to shrink, with no increased buying volume during rebounds, indicating a predominantly bearish and weak market trend.
Trading suggestion: Place buy orders around the rebound zone of 61,450-61,950, targeting 60,800-60,000.
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