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6.10 Evening Bitcoin and Altcoin Analysis
In the 4-hour timeframe, BTC broke below the Bollinger middle band, and the channel has opened downward, indicating that the overall market momentum is weak. The dead cross of moving averages, combined with indicators pulling back from high levels, creates a resonance of bearish signals. The short-term rebound is only a technical correction; trades should mainly be based on shorting rallies.
Trading Suggestions
Bitcoin: 63,000-64,500 short near the range, target 60,000
Altcoin: 1,660-1,700 short near the range, target 1,550
$BTC $ETH $IOST