6.11 Bitcoin Morning Analysis - Luo Yisi's Approach

Overnight oscillation was relatively weak, with more positions arranged in the lower range in the morning
Market Review
The overnight market trend aligned with expectations, maintaining a mostly weak oscillation rhythm, with prices pressured and falling back near 62,800, dipping to around 60,700 before stabilizing and slightly rebounding. The entire fluctuation was controllable, with precise point levels, and the trend did not deviate from expectations; the overall rhythm was well within control.
Market Analysis
The daily chart remains in a correction phase, with the bearish trend unchanged, but downward momentum gradually weakening. The morning decline is a normal technical retracement to confirm support. The support at around 60,700 is strong, tested multiple times without breaking, becoming the short-term dividing line between bulls and bears; resistance in the 62,300-62,800 range is obvious, making short-term breakthroughs difficult. Overall, it shows a low-level oscillation and bottoming pattern, waiting for volume to determine the direction.
Trading Suggestions
- Entry Range: 61,000-60,700
- Stop Loss: 60,500
- First Target: 62,000-62,300
- Second Target: 62,800
Stick to a low-long strategy, strictly control position risk, and steadily capture oscillation profits.
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