6.12 Evening Bitcoin Chart 🍜 Market View

Whiteboard震荡收官，Tonight’s Bitcoin focus on these two ranges!
From the early low around 60,691, a rebound started, with the whiteboard reaching a high of around 63,929, then pulling back under pressure, currently oscillating near 63,400. Overall, although the bulls attempted to push higher, they failed to break through the key resistance at 64,000, while the bears continued to exert pressure at high levels, forming a clear upper shadow.
The 4-hour MACD lines continue to rise, with the red histogram maintaining increasing volume, indicating that bullish momentum has not fully faded, but the price rally is weakening, and trading volume is gradually shrinking, raising doubts about the sustainability of the rebound. The middle band of the Bollinger Bands has turned upward, supporting the range shift to around 62,800-63,000. The whiteboard retests have not effectively broken below this zone, so short-term bulls still have some support.

Support levels: 62,800-63,000, strong support at 62,000-62,200
Resistance levels: 63,800-64,000, strong resistance at 64,500-64,800

Trading Suggestions:
1. If retesting and stabilizing in the 62,800-63,000 range, consider a small long position, targeting 63,600-63,800, with a stop loss below 62,500.
2. If facing resistance and stalling in the 63,800-64,000 rebound zone, consider a small short position, targeting 63,200-63,000, with a stop loss above 64,200. $BTC $ETH