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6.13 Midday Bitcoin Market Outlook 🍜
4-hour momentum is waning! Bitcoin is only making high throws at midday, not chasing longs!
In the morning, the prediction was that Bitcoin would fluctuate between 63,400 and 64,000, with strong resistance at 64,300. The actual market surged to 64,362 before quickly falling back, testing support around 63,000, and overall operating within the expected range. The rhythm of high throw and low absorption has been fully realized.
Currently, Bitcoin on the 4-hour chart is entering a high-level consolidation, with the current price around 63,650. The MACD red histogram continues to shrink, and although the fast and slow lines are still above the zero axis, the bullish momentum has clearly weakened, and upward momentum is insufficient.
Support levels: 63,200-63,000, with a break looking toward 62,600
Resistance levels: 64,000-64,300
Trading suggestions:
1. If it hits 64,000-64,300 and pulls back under pressure, try a light position, with a stop loss above 64,500, targeting 63,500-63,200, and a break below that targets 62,800.
2. If it tests support at 63,000-63,200 and stabilizes, try a light position, with a stop loss below 62,600, targeting 63,800-64,000, and a break above that targets 64,300.$BTC $ETH