Wave in the Sea of Coins: 6.4 Bitcoin (BTC) Market Analysis Reference:

Bitcoin's recent market has continued to weaken, with a series of declines, briefly bottoming out around 61300 for a minor rebound. As of publication, the price is hovering around 63200. Observing from a short hourly period, the 4-hour level is maintaining a bearish trend, with prices consistently pressured below the middle line of the Bollinger Bands and all EMA moving averages, while the mid-term downtrend structure remains intact; MACD bears continue, with bearish momentum still present, and both KDJ and RSI are in a weak range, indicating insufficient rebound strength in the short term. The short-term market relies on support from the lower Bollinger Band for a weak rebound, with the primary resistance at the short-term EMA moving averages; if the rebound cannot break through this range with volume, after the rebound ends, the market may retest the low of 61300.

At the hourly level, the price is overall in a low consolidation range post-decline, with the Bollinger Bands narrowing down, current price below the middle line of the Bollinger Bands, and the whole series of EMA moving averages arranged in a bearish manner from top to bottom, forming short-term concentrated pressure between 64000-65000; the MACD indicator's DIF and DEA quickly rebounded after a low position golden cross, with short-term bullishness weakening, while KDJ and RSI also completed golden crosses at low positions and are now turning downward, with indicators returning to a weak range. The short-term market relies on support from previous low points to continue a weak rebound, with the primary goal being to test the pressure level near 64600 where the middle line of the Bollinger Bands corresponds to short-term moving averages; if the price breaks through that pressure range with volume, the rebound will extend further; however, if the rebound is pressured and falls back, the market will return to a downward trend, with the possibility of a second dip, so it's essential for everyone to manage risks in advance. For operations, it is recommended to focus on short triggering during rebounds.

Wave in the Sea of Coins: 6.4 Bitcoin Short-term Reference:

Long Position: Buy in the range of 61500-62500, exit below 60000, targeting 63000-64000-65000,

Short Position: Sell in the range of 65500-64500, stop loss 500 points, targeting 64500-63500-62500,

[The above analysis and strategies are for reference only. Risks are borne by yourself. The article's review and publishing may have a lag, and strategies may lack timeliness, so do not operate blindly.]

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