6.15 Bitcoin Market Evening Analysis



Currently, the short-term bullish sentiment in the market has been completely ignited, with funds concentrated on bottom-fishing at low levels during the day. There are no major negative news to suppress the market, but after a rapid price surge, a large number of short-term profit-taking orders are piling up. There is potential for profit-taking pressure at any time in the evening, and chasing longs at high levels offers very low cost-effectiveness.

At present, the low point of 636 forms a strong temporary support, with a large bullish candlestick directly breaking through the 654-658 consolidation range. The current price of 662 faces resistance at the previous high of 663. The candlestick shows a short upper shadow, indicating that the bullish momentum has been temporarily overextended, and a short-term correction or profit-taking is needed.

The overall bullish trend remains intact. The strategy relies on support at the low levels for long positions; cautiously wait for a pullback to the 657-659 upper boundary of the range to establish long positions, with a stop #比特币反弹 loss at 654, and a target of 670.
BTC3.57%
ETH8.66%
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