Brother Tong 6.24 BTC Strategy


$BTC Enter around 635-640, stop loss above 645, first target 620, second target 610

Yesterday, Bitcoin dropped to around 61870, then a technical rebound occurred, now fluctuating around 630.

Don't rush to see this rebound as a reversal. The decline earlier was too rapid, a short-term correction is normal, but correction and trend reversal are two different things.

True strength is not just bouncing after a fall, but being able to hold after bouncing up. Although the price has pulled back from the lows, the overhead resistance zone is still there, and the bulls need to show more to prove themselves.

Oversold rebounds are the easiest to get people excited. A small rise feels like a bull run, a small drop makes people think it's collapsing. Often, the market isn't giving clear direction but is filtering emotions.

Today, continue to watch the performance of the overhead resistance zone. Until the trend gives a new signal, respect the existing rhythm. #以太坊基金会重组降本
BTC-2.13%
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