June 20 Bitcoin Market Analysis

After entering the pressure zone between 62,800 and 63,400 in the early morning, the price formed a brief stabilization pattern, then experienced a slight rebound in the morning, approaching near 63,800. Multiple previous attempts to test the 62,200 support level failed, giving the market a breather and a chance for a rebound correction. The altcoin trend remains weak, and the rebound high has not broken through 1,720, but overall, it still shows a weak rebound trend.

In the four-hour chart of Bitcoin, the MACD is about to form a bullish crossover below zero, and the KDJ is also diverging upward. There is still resistance around 64,000 above, although the momentum is still being released, the trend is slowing down, and the upward space is limited. Currently, the market is mainly consolidating with fluctuations, with short-term support at 62,800. As long as the positions of both sides are not broken, the strategy is to focus on short-term high sell and low buy. The altcoin (referred to as "Auntie") is watching the 1,685-1,715 range. $BTC #美伊谈判推迟 $ETH