6.12 Afternoon Market Outlook

The daily chart is generally oscillating with a slight upward trend. Overnight, due to repeated fluctuations caused by news, Bitcoin first dipped to around 62,300, then was violently pushed up by sudden news to above 63,900. Currently, it has been consolidating around 63,300 at a high level, mainly suppressed by resistance around 64,300-64,600, with upward momentum clearly slowing down. The resistance at 64,300-64,600 is very strong, forming a layered selling pressure zone, and multiple attempts to break through have failed. The key support below is at 63,100; if broken, the downward space will open again. The overall high-level consolidation with a weak bias has not changed.

The current market is in a state of oscillation after repeated news-driven pulls, with key resistance and support levels tested back and forth. The trend is fluctuating, and caution is needed to avoid one-sided moves up or down. Short-term resistance above is clear; to sustain a rebound, it must stay above 64,600. If support below is lost, a quick decline is likely. Do not blindly chase longs or shorts excessively.

Trading strategy:
Today, consider buying near the 63,100 support level, with targets around 64,000-64,300. If the rebound reaches the 64,300-64,600 zone without breaking through, consider shorting with a light position, targeting 63,500-63,000. If broken, look for support at 60,700. Control your position size carefully on Black Friday and manage $BTC risks properly.