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6.14 Bitcoin Evening Analysis - Luo Yisi's Approach
Pullback to accumulate strength and solid support, relying on support at low levels to grasp the rebound rhythm
Review
After a sharp rise, Bitcoin slightly retraced for accumulation adjustment, the pullback did not break the key support level, the bearish selling pressure was limited, the overall upward structure remains intact, earlier long positions successfully exited with gains, and the chart still leans toward a bullish recovery pattern.
Market Analysis
The pullback is a normal correction during an upward trend, with support zones firmly held below, and bullish momentum still building. In a weekend environment with weaker liquidity, prioritize waiting for a pullback to lower levels to follow with long positions, avoiding chasing Dhan at high levels.
Trading Suggestions
Bitcoin
Entry Range: 64,100 - 64,400
Stop-Loss Level: Below 63,800
Target Levels: 64,900 → 65,400$BTC $GT $ETH