6.11 Morning Market Outlook

The overall daily chart trend is clearly downward, suppressed by various cycle resistance levels, with limited room for upward rebounds. Last night, the market surged to around 62,829 before facing resistance and falling back again; the upward momentum was insufficient, and the resistance at 62,800 is very strong, with multiple attempts failing to break through steadily.

Below, 60,700 is a key support level. If it breaks, the downward space will open again, and the overall bearish dominance remains unchanged. Our short-term outlook needs to be re-evaluated.

Currently, the market is experiencing a slight correction after a sharp decline, with key support levels being tested back and forth. Short-term resistance is clear above, and rebounds are unlikely to last long. If it cannot hold above 62,000, there is a high probability of returning to a choppy downward adjustment. Do not blindly chase the rally.

Trading strategy:

A slight rebound to the 62,100-62,600 range can be shorted lightly, with the first target at 61,200 and the second at 60,700. After breaking below, continue to look down toward the 6W level. Do not rush to bottom-fish in the short term. In a weak market, prioritize shorting rebounds and controlling positions carefully to manage risk. $BTC $ETH #我的Gate交易时刻