6.12 Morning Market Outlook

On the daily chart, the overall market is oscillating with a slightly strong bias. In the early morning, affected by news, big coin first dipped to around 62,300, then was violently pushed higher by sudden news to above 63,500. It has since been trading in a high-level range around 63,500, with consolidation. Overall, it is being suppressed by the resistance zone near 64,000, and the push upward has clearly weakened. The resistance at 63,800–64,000 is very strong; repeated tests have failed to break through convincingly. Support below at 63,000 is a key level—once it breaks, downside space will open up again. The overall situation of high-level consolidation with a weaker bias has not changed.

The current market is characterized by a rebound driven by news, followed by high-level sideways consolidation. Key resistance and support areas are being tested back and forth, and the price action is choppy and repetitive—so traders must be cautious against one-sided moves up or down. Short-term resistance above is clear; for the rebound to continue, it must hold above 64,000. If support below is lost, the price is also likely to drop quickly. Don’t blindly chase longs, and don’t over-chase shorts either.

Trading strategy
If the rebound reaches around 64,000, you can lightly short. The first target is 62,500, and the second target is 61,500–62,000$BTC $ETH #美国5月CPI创三年新高