6.23 Morning Bitcoin Market Analysis

Yesterday, the price surged with high volume to 65,597 before stalling, then the market also experienced high volume resistance, leading to a pullback in the early hours, even breaking below our short-term support at 64,000. The altcoin approached the 1,780 level we were watching and faced downward pressure, but the space was already given, and subsequent declines mostly synchronized with Bitcoin. There's no need to envy others' results; everyone's rhythm is different. Stick to your own logic, control your position size, keep a steady mindset, and a slow and steady approach is far more valuable than a fleeting moment of glory.

Currently, on the 4-hour chart, Bitcoin's price is consolidating around the 64,000 level, forming a structure of a pullback after a rally. The MACD has formed a weak bullish crossover below the zero line, while the death cross on the KDJ indicator is slowing down, indicating weakening momentum but a gentle rebound. Looking at the previous trend, the lows are gradually rising, but yesterday's rally ended with a hanging man at a high level, indicating significant selling pressure above. The risk of a trend reversal is accumulating again. In the short term, focus on resistance at 64,500-64,800 and support at 63,500-63,800. In terms of trading, avoid making blind decisions; wait for a stabilization around 63,800 on a pullback or a volume breakout above 64,500 before considering #预测世界杯法国VS伊拉克 action.