$BTC CryptoCircle LiYing: 6.11 Bitcoin (BTC) Latest Market Analysis and Trading Suggestions

　　
　　Fellow traders, Bitcoin is currently priced at 62,400. Let's open the 2-hour chart and take a look. Previously, it dropped from over 78,000 down to 59,130. Now it’s in the rebound correction phase after the decline. In the short term, the price is fluctuating around the moving averages, with bulls and bears testing the direction. At this point, don’t rush blindly; wait for clear signals before taking action, or you risk getting caught on both sides.
　　
　　First, look at the moving average system: EMA7 and EMA30 are forming support below the current price, indicating short-term buying pressure; but EMA120 is still pressing from above, meaning the medium-term trend hasn't fully reversed. It needs to break through it to confirm a strong reversal. Regarding MACD, DIF and DEA are below the zero line. Although the histogram turning red suggests a rebound, the momentum hasn't fully built up yet, indicating a weak rebound. The middle band of the Bollinger Bands at 62,073 is a support level, and the upper band at 63,404 is a resistance. The price is oscillating above the middle band. If it can stabilize above the middle band with increased volume, it may test the upper band; otherwise, a break below the middle band could lead to a retest of the lower band at 50,742.
　　
　　Short-term reference:
　　
　　Buy at 61,500-61,000, exit if it falls below 60,500, target above 62,500 aiming for 63,500
　　
　　Sell at 63,500-64,000, exit if it drops below 64,500, target below 62,500 aiming for 61,500
　　
　　The above content is exclusively created by LiYing. Please cite the source when reprinting! Market analysis and suggestions are delayed due to review processes. The market is ever-changing; the above suggestions are for reference only, and you bear the risks. We hope LiYing’s insights will be helpful to you!
　　
　　The content is real-time and for reference only. Please bear the risks yourself. ‌#我的Gate交易时刻