6.24 Morning Bitcoin/Altcoin Market 🍜 Poetry Perspective


Are low positions repeatedly trapped in consolidation? The range has been defined this morning!
Yesterday, Bitcoin surged to 65,597, Altcoin surged to 1,779 before the bulls lost momentum, then a volume surge caused a sharp decline, Bitcoin dropped to a low of 61,870, Altcoin to 16,333; in the late session, a slight rebound occurred, a doji formed on the 4-hour chart, and the downtrend paused.

Currently, Bitcoin is at 62,575, Altcoin at 16,619, with narrow fluctuations at low levels. The short-term bearish momentum has been fully released, only weak technical correction remains, the overall bearish structure remains unchanged, rebound is weak, and the outlook is primarily bearish.

Bitcoin → Resistance: 63,200, 64,000, Support: 62,000, 61,800
Altcoin → Resistance: 16,800, 17,200, Support: 16,500, 16,330
Trading Suggestions:
Bitcoin
1. Short near 63,200 on rebound, stop loss above 64,000, target 62,000, if broken, watch 61,800
2. Rebound to 61,800 for light short-term long positions, stop loss below 61,700, exit when encountering resistance near 63,000
Altcoin
1. Short near 1,680 on rebound, stop loss above 1,720, target 1,650, if broken, watch 1,630
2. Rebound to 1,630 for light short-term long positions, stop loss below 1,630, exit when encountering resistance near 1,675$BTC $ETH
BTC-2.45%
ETH-3.95%
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