6.13 Bitcoin & Altcoin Lunchtime Analysis - Luo Yisi's Approach


Stabilize and build a bottom, gradually move higher
Review
Intraday low consolidation and correction, Bitcoin retraced to key support below and stabilized after stopping the decline, selling pressure gradually dissipated, and buying strength at low levels became evident. Altcoin also held its support level to limit the decline, the bearish momentum has been exhausted, and a short-term rebound opportunity has emerged.
Market sentiment analysis
After continuous decline, Bitcoin's indicators entered a low-level recovery zone, with downward momentum significantly weakening, support below remains firm, and a rebound is possible. Altcoin followed Bitcoin to build a bottom and stabilize, the downside space has been compressed, and deploying long positions at low levels is currently the best strategy.
Trading suggestions
Bitcoin
Entry range: 62,700-63,000
Stop-loss position: below 62,300
Target position: 63,800 → 64,500
Altcoin
Entry range: 1,630-1,650
Stop-loss position: below 1,600
Target position: $BTC 1,700 → 1,740
BTC0.15%
GT1.51%
ETH-0.50%
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