6.22 Early Morning Bitcoin Market Analysis



The price comparison over the past few days, including the weekend, has been generally oscillating upward, reaching a high of around 64,500. Although the area around 63,500 provided temporary support, the narrow fluctuation range moved upward again but remained constrained by resistance above. The highest position for Auntie Tai recently is still at 1749, with the retracement staying above 1700. Be cautious about short-term gains and losses, focus on consolidating your understanding; regardless of market conditions, steady progress is the best state.

Currently, from the 1-hour chart of Bitcoin, selling pressure is weakening but buying interest is also absent, and the price is near the resistance zone. If the rebound remains weak, it will be difficult to effectively open up upward space. The current momentum has not fully released, and the fast and slow lines in MACD are diverging downward in a death cross pattern at high levels. The relationship between the US and Iran has shifted from "ceasefire positive" to "high-risk negotiations" mode, and the market is once again facing the test of rising geopolitical risks, which means any signals of negotiation breakdown could trigger panic.

Above Bitcoin, focus on the 64,400-64,800 resistance zone, with a high position near the resistance, targeting 63,000. Auntie Tai references the 1,740-1,760 range for light trading, with a target $ETH near 1,690.
ETH-3.23%
BTC-2.16%
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