June 16 Morning Market Briefing

Reference Silk Road: Bitcoin around 66,500 is forming a consolidation, with the first target at 65,000-64,000, breaking below to look at 63,000, waiting for a rebound opportunity at the level.

In terms of market trend, after Bitcoin's previous rally, the weekly chart repeatedly attempted to break higher but failed to stabilize, with heavy selling pressure above, and the highs gradually moving lower, indicating a weak rebound pattern within a consolidation trend.

On the daily chart, the rebound is shrinking in volume, while the decline is expanding in volume. Short-term moving averages are turning downward, and the consolidation momentum continues to ferment.

The four-hour chart shows the price moving along a downward channel, with the MACD forming a death cross below the zero line that continues to expand, RSI has broken below the bullish/bearish line and continues to weaken, and market sentiment remains subdued. #币圈 # #区块链# $BTC $ETH #比特币反弹 #马斯克称SpaceX市值将达2万亿美元