June 12th Bitcoin Evening Public Strategy

Bitcoin has recently broken out of a low point and entered a volatile upward correction pattern, with short-term support raised to 63,300-63,200. The resistance level above is 63,900-64,000, currently in the upper-middle range, with bulls and bears fiercely contesting.

The declining correction volume continues to shrink, while the volume of upward rebounds gently increases, indicating that the bulls' support remains decent and the bears' selling pressure is not strong; however, the current volume is below the 5/10-day moving average volume, indicating a volume-contraction rally, where the risk of chasing highs outweighs the opportunity.

Operational suggestion: Place buy orders around the 64,000 resistance zone during the rebound, targeting 63,500-63,100. #我的Gate交易时刻