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6.24 Morning Market Update Silk Road
BTC trading idea: rebound to the 63,000-64,000 range to short, with the downside target looking at 62,500—61,500
After Bitcoin experienced a sharp decline yesterday, the market entered a consolidation and recovery phase, with a slight rebound overnight forming a short-term rally.
From the hourly chart technical pattern, the Bollinger Bands are generally opening downward, currently gradually narrowing, with the price staying above the middle band of the Bollinger, indicating that the bearish trend is about to resume.
The previously established strategy is to wait for a rebound in price combined with the Bollinger Bands narrowing before entering short positions. The current market conditions fully meet the entry criteria. The overall intraday approach is to follow the decline, with the first support level at 61,500. Once this is effectively broken, the next target is the 61,000 integer level. $BTC $ETH #以太坊基金会重组降本 #芝加哥期权交易所推预测平台 #芝加哥期权交易所推预测平台 $BTC $ETH