6.29 Early Morning Market Insights

Trading Reference
Rebound to the 60200-60700 range, lightly short, reserve room for adding positions, target first near 58000 low, break and extend to 57700→55000, do not blindly enter the market to bottom in short-term, stick to light positions, strictly manage risk control.

Good morning, a new week, a new beginning. Let's take a look at the market. On Saturday, after rebounding to a high near 60900, it came under pressure and began to turn downward, then after dipping to a low, it slightly recovered and rebounded, then oscillated narrowly below the trend resistance line, now around 59300.

Overall, the long-term bearish trend shows no sign of reversal. This rebound is merely a short-term technical correction. Short-term moving averages are fully under pressure, and the descending trend line above forms a strong resistance zone, with the momentum of the rebound weakening continuously. #币圈  #BTC下探60000美元关键关口 #美国年度净资本流入创8840亿新高 #STRC触及历史低点 $BTC $ETH