6.8-6.12 This Week's Bitcoin Market Summary

Brothers, good afternoon. As usual, I will summarize this week's market for everyone. After Bitcoin experienced a downward trend in the past few weeks, it has rebounded this week. On Monday, Bitcoin touched the 64,000 level twice, but did not stabilize at a high level. On Tuesday and Wednesday, Bitcoin showed a pattern of low consolidation after resistance, with the 61,000 area having strong support, preventing a effective breakdown. This level was also where market funds previously concentrated. Basically, starting from Thursday, Bitcoin showed a strong side. First, it rebounded around 61,000, then stabilized above 62,500, laying the foundation for the push to 64,000 on Friday and over the weekend. The overall market trend this week can be summarized as a decline followed by a rise: 64,000 (resistance pullback) → 61,000 (support rebound) → 64,000 (stabilization).

So, our approach this week remains to follow the market trend. From Monday to Wednesday, we focused on resistance above, mainly in a sideways pattern. On Thursday, when we saw a strong rebound from the sideways, we shifted our thinking to watch for a break above 64,000. The sideways pattern continued in the early part of the week, with the first consolidation happening near the funds entering the market, and the second due to a misjudgment of the volume release, which led to a second surge that caused a loss of profit. The trend of Auntie Tai this week was also a decline followed by a rise, but the subsequent upward movement was not as obvious as Bitcoin’s, and the 1,700 level was never broken. Auntie Tai’s sideways pattern did not produce profit-taking, which is related to its market volatility, overall it’s a good sign. Whether it’s a daily review or a weekly one, the goal is to improve our sideways rhythm and thinking. Although we cannot guarantee no profit-taking, we will try to minimize losses as much as possible. $BTC #Marvell大涨超11%领涨芯片板块 $ETH