6.30 Afternoon Bitcoin Market Analysis

Last night, although the price fluctuated significantly, with long and short positions attacking back and forth, causing the chart to show upper and lower wicks, these fluctuations did not break through the key direction for Bitcoin effectively. The pullback to the 59000 area quickly rebounded and recovered, while the upper side remained under pressure at the 61000 mark. Ethereum also fluctuated frequently, but the long-side momentum in the early morning was relatively sufficient, pushing Ethereum to break through 1610 and hit a recent high of 1637, lifting the overall trend slightly. Markets have their ups and downs, and life has its choices. Learning to proactively give up opportunities that don't belong to you is also a kind of clarity in life.

On the 1-hour level, Bitcoin is currently in a phase of retesting support, and the key is whether the 59000-58700 area can hold. This area is the upper edge of the dense trading zone formed by small bullish candles earlier, with some technical support significance. In terms of volume, the pullback is occurring with moderate volume, and the selling pressure above is not significant. Short-term bearish momentum is still being released, so the focus is on whether a stop-loss signal will appear at the current position. If a doji with a lower shadow or a bullish engulfing pattern forms, you can try a light long position, aiming for the 60200-60500 range. As for whether the subsequent bullish trend can continue, it still depends on the 61000 mark. For Ethereum, short-term support can be observed in the 1580-1560 range. #Gate完成141只股票股息派发 $BTC