$BTC 6.12 Evening Bitcoin Market Analysis

After Bitcoin rebounded above 63,000 in the afternoon, it has basically been fluctuating narrowly around 63,500. Currently, on the 1-hour chart, the Bollinger Bands are continuously contracting, although the upper band is still under pressure, the middle band remains inclined upward. This also means that once 64,000 is broken with volume, the short-term upward space opens, and the price is likely to test 65,000. The intraday correction was attempted, but its strength was limited, and it was quickly countered by the bulls. Now, technical indicators are showing signs of a pullback, but from recent bullish trends, it’s unlikely that the support levels below will be broken. We don’t need to overthink; just follow the short-term trend. The support zone below Bitcoin at 62,500-62,000 still holds, so bulls can still hold. Watch how the US stock market opens tonight—if it gaps up with strong momentum, it could continue upward toward 65,000. I won’t elaborate on altcoins; just follow Bitcoin’s rhythm. #美PPI创两年半新高 $ETH