6.16 Bitcoin Short-Term Trend Analysis

In the short term, 74,100 is the current important downward trend resistance level (extended from the $120k high point). During the rebound, the market is most likely to first test this resistance line.
• If it breaks through 74,100 effectively: this decline from 120k will be ended, and the market is expected to start a new upward trend.
• If it only touches and is resisted then falls back: the downtrend will continue, and caution is still needed for the downside space.
Additionally, there is an important gap in the 57,200-57,500 area below, which has not yet been filled. This is also another key support/target area for the current market.
The Federal Reserve interest rate decision will be announced soon, and the market direction choice is approaching. Currently, there is no absolutely perfect entry plan; I prefer to patiently wait for the market to give a clear signal:
Trading Strategy Suggestions:
• If it falls back to around 57,500 within a week: consider setting up long positions (stop loss placed below the effective break of the key low).
• If it strongly rebounds and is resisted around 74,100: consider setting up short positions (stop loss placed above the effective break of 74,100).
Core Trading Logic: Do not chase highs or sell lows; wait for the price to reach key resistance/support levels before making decisions. Stop losses should be strictly set at key breakout or breakdown points.
Trading this path, most of the year is spent waiting for opportunities. Pursuing quick entries is unlikely to yield results—patience is the most underrated skill in trading. #比特币 #BTC #比特币行情 #美联储