6.17 Afternoon Bitcoin Market Analysis

After a period of sideways consolidation during midday, Bitcoin started to show a slight retracement trend in the afternoon, and just now, it experienced a volume spike testing the support strength around 65,000. Currently, there are no signs of a trend reversal, and the short-term momentum is continuing to grow. The KDJ indicator is diverging downward, and the current trend remains relatively strong. We should continue to watch the 65,000 support level; if this level is not broken, the risk of chasing the rebound is relatively high, and buy orders could be absorbed at any time, leading to a rebound. At the same time, the market is affected by Bitcoin's retracement, with no active downward movement. Short-term support is seen at 1760-1750. It is recommended not to enter lightly at this time, avoid greed, and maintain a short-term trading mindset. $BTC #Gate现货交易量增幅全球第一