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6.23 Bitcoin & Side Bets Morning Thought Analysis | Luo Yi's Perspective
Bearish momentum is waning, mainly buying on dips in the morning
Intraday review
Early morning low consolidation, strong bottom support, double bottom halts decline and stabilizes, bearish selling pressure continues to diminish.
Market analysis
The early dip is just a short-term move, with solid and firm support below, the overall market trend is leaning towards recovery and upward movement, only consider long positions and do not blindly chase shorts.
Trading suggestions
Bitcoin current price 63,900: buy on dips at 63,500-63,800, stop loss at 63,200, target 64,600, 65,000
Side bets current price 1,725: buy on dips at 1,715-1,722, stop loss at 1,698, target 1,750, 1,772
Enter long positions directly at support zones on dips, strictly manage stop losses, follow the trend to seek rebound space, do not go against the trend and sell short. $BTC $GT $SOL