6.11 Bitcoin Afternoon Perspective: Besides the K-line, don't forget to pay attention to the macro as a "double-edged sword"

Entry: Focus on the 61200-61700 zone (relying on the lower band of the 4-hour Bollinger Bands and Fibonacci 0.618 support)
Stop loss: Below 60600 (previous low defense level)
Target: First target 62500, second target 63200

Viewpoint:
The early market rebounded from 607 to 621 but then fell into a deadlock. Besides the oscillation zone of 613-630 on the chart, I suggest everyone reconsider the current macro logic from a different perspective.

Last night, the expected U.S. military strikes on Iran increased risk aversion, but funds preferred crude oil over Bitcoin, which also caused Bitcoin not to receive safe-haven buying, instead facing clear resistance above 625. Although there are rumors that Bitcoin might benefit as "digital gold," with the US dollar index back above 100 and the 10-year U.S. Treasury yield high, it remains a stock-to-stock game.

It is worth noting that Coinglass data shows nearly $1 billion in short liquidation near 65026 above, while the long liquidation wall at 58862 below is also thickening. This indicates that the current main force's intention is "shakeout" rather than "unilateral." Those wanting to go long should patiently wait for confirmation at 613; those wanting to short can consider the previous high pressure at 628-630, which is still effective, suitable for right-side entry. During this oscillation accumulation phase, focus on the large range of 605-630, and avoid chasing highs or panicking sell-offs. #Gate直通IPO认购SpaceX BTC