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6.24 Afternoon Bitcoin / Altcoin Market 🍜 The Perspective of Poetry
After a deep correction, narrow fluctuations, quick overview of the afternoon guide!
This morning, two coins stopped falling and rebounded slightly, Bitcoin stabilized at 62,500 and tested 62,800, Altcoin stabilized at 1,660 and rebounded to 1,672, only a weak recovery, the main downward trend remains unchanged.
In the afternoon, it remains in a low-range narrow fluctuation, bullish momentum is insufficient, the four-hour consecutive small K-lines are just a brief pause after a sharp decline, not a reversal. The bearish major trend remains unchanged, if it cannot break through the upper resistance, the market will weaken again; holding the support levels will continue to grind, do not chase longs.
Bitcoin → Resistance: 63,100, 63,800, Support: 62,500, 61,870
Altcoin → Resistance: 1,685, 1,710, Support: 1,660, 1,633
Trading Suggestions:
Bitcoin
1. Short near 63,100 on rebound, stop loss above 63,800, target 62,500, if broken downward, watch 61,870
2. Stabilize slightly long at 61,870, stop loss at 61,500, target 62,500-63,100
Altcoin
1. Short near 1,685 on rebound, stop loss above 1,710, target 1,660, if broken downward, watch 1,633
2. Rebound and stabilize slightly long at 1,633, stop loss at 1,610, target 1,660-1,685
$BTC $ETH