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Morning Analysis on July 6th
Good morning everyone, $BTC there was a surge early in the morning
The market has launched a complete wave reversal from the 57775 low, with the Bollinger Bands continuously expanding upward, forming a medium-to-long-term bullish uptrend. The current price has directly pierced the upper Bollinger Band, entering a severely overbought zone on the 4-hour timeframe, significantly increasing the need for a short-term technical pullback to digest gains.
The middle Bollinger Band at 62469 serves as the core trend support for this rebound and is the key watershed for determining whether the bullish structure can continue. Yifan personally suggests shorting near 63900-64500, reserving room for position addition, with a target near 63000-62500#BTC #ETH #BTC走势分析