6.12 Bitcoin Morning Analysis



From the 1-hour chart, after a surge in the early morning, Bitcoin rallied and then got stuck in high-level consolidation around 635. After two attempts, it failed to break the new high at 639, clearly showing that the rally’s momentum is insufficient.

Looking at the technical indicators, the MACD red histogram is getting shorter. Although DIF and DEA are still at high levels, the upward momentum has already clearly weakened. The RSI indicator is also about to touch the overbought zone of 70, and it could turn downward at any time—pullback pressure is not small.

Strategy reference: After a retracement to the 637–639 range, consider making phased entries, with the first target at 625. If the level breaks, then look at 610 #贝莱德比特币收益增强ETF将上市 $BTC
BTC1.13%
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