June 24 Morning Bitcoin Analysis


The current market has entered a low-level consolidation phase after continuous decline, with selling pressure easing somewhat, and a short-term rebound demand exists. But the overall downward trend has not yet reversed; before a volume breakout, it is not advisable to blindly chase the rally or bottom fish.
Watch the 63,500 resistance level above.
This area has heavy trapped positions; if a rebound reaches this level and faces resistance with insufficient volume, consider setting up short positions.
Watch the 62,000 support level below.
If a pullback stabilizes and shows clear support, you can lightly position for long trades to capture short-term rebound space.
Trading Strategy
Currently, treat the market as oscillating within a range, with low positions near support and high positions near resistance, patiently waiting for signals at key levels.
Strictly set stop-losses and control position sizes. If news triggers a breakout of the range, promptly adjust your strategy and avoid fighting against the trend. $BTC
BTC0.55%
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