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6.11 Bitcoin Morning Analysis — Pullback to Enter Long $BTC $ETH
Last night, Bitcoin surged to 62,800 then faced resistance and pulled back, with the lowest dip to 61,000. Currently, the price is consolidating around 61,480. The overall pattern shows a bottoming out and rebound, with downward momentum slowing down. Although there may be fluctuations in the short term, support levels below are beginning to appear.
The KDJ indicator is approaching convergence at low levels, indicating a technical rebound demand. The current decline is a normal correction after the sharp rise the day before and has not broken the overall sideways upward structure. The strategy remains to favor low buy entries, taking advantage of pullback support levels to enter in batches, aiming for the price to stabilize and rebound again.
Trading Suggestions
Continuing from the morning view, buy in batches around the 61,000-61,500 area, targeting 63,500-65,000.