June 11th Bitcoin (BTC) Thoughts and Trading Suggestions:


Thoughts
Currently, Bitcoin is in a short-term oversold rebound phase within a daily downtrend, with the market rising 2.00% over the past 24 hours, and market sentiment leaning towards the bulls, but overall it has not yet broken free from the broad sideways and weak trend. This rebound is essentially a technical correction after short-term overselling, with dense resistance from trapped positions and moving averages above, and insufficient willingness from funds to chase higher, casting doubt on the sustainability of the rebound, and no trend reversal signals have appeared yet.
Trading Suggestions
Bias towards a bullish, light position to gamble on the rebound, entering on a pullback to the $61,500-$62,000 range, with targets of $63,000-$63,500, breaking below $BTC #我的Gate交易时刻
BTC4.71%
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