6.11 Jiang Yuheng | Bitcoin Morning Thoughts
The daily chart bearish trend has not reversed at all, with the entire cycle's moving averages pressing the price downward, and the bulls haven't even managed a decent resistance.
Last night, it dipped near 60,800 and then had a corrective rebound, but once it reached the 62,800 resistance level, trading volume started to decrease, and it couldn't stabilize after two attempts—typical weak rebound.
60,000 is the last support for the bears; as long as it doesn't hold, the next round of decline will open the floodgates. The current market situation is
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