June 13 Saturday Bitcoin / Altcoin Midday Thoughts



Reference Suggestions:
Bitcoin: Watch for a rebound at 640-645, target 625.
Altcoin: Watch for a rebound at 1700-1720, target 1650, if broken look at 1600.

Bitcoin is consolidating with reduced volume between 63570-63780, slightly closing higher, still in a weak correction after a sharp decline, weekly chart remains bearish. ETF redemptions, expectations of rate cuts falling short, US bond yields rising combined with institutional selling pressure, suppress the market; overhead resistance from trapped positions and moving averages makes a rebound weak, while support from liquidation and miners' low selling willingness is gradually stabilizing. #币圈 # #区块链# #Marvell大涨超11%领涨芯片板块 #TradFiCFD黄金大师赛 #Bitmine再次买入2.5万枚ETH $BTC $ETH
BTC0.26%
ETH-0.05%
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