6.11 Afternoon Bitcoin Market Analysis

Early morning price hovered around 61,000 and stopped falling, mainly showing a bullish rebound trend from morning to noon.
In the afternoon, the small volume increase continued the rebound trend, approaching the 63,000 resistance level.
Early morning, the 61,812 buy order was not limited to 62,912, taking profit and exiting, gaining 1,100 points of space.
The "concubine" (a slang term for a secondary token or altcoin) is also approaching the previous resistance zone of 1,660-1,670.
Chasing the rise is driven by desire, while stopping the loss is rational progress.
Overcoming greed and fear, reconciling with your emotions, is what we need most.

Currently, the price is fluctuating around 62,800, close to the 63,000 resistance level.
Although the momentum of the "concubine" is still being released, the volume does not seem to be continuing, and the KDJ is entering the overbought zone, indicating a need for a correction.
In the short term, it is advised not to chase the rise at this level, as the middle band of the Bollinger Bands provides support below.
If the price stabilizes around 72,400 after a pullback, there is still a chance for another rally after technical indicators recover.
It is also possible that the "concubine" will suddenly surge with high volume and break through 63,000.
However, at this time, a short-term follow-up can target the 63,500-63,800 range.
Watch for support around 1,640 below the "concubine," and if it breaks through 1,670, then look at the $BTC 1,680-1,700 range.