Wave in the Currency Sea: 6.5 Bitcoin (BTC) Market Analysis Reference:

Bitcoin has continued to exhibit weak fluctuations and consolidation during the day. Observing from a short-term perspective, the 4-hour trend still maintains a bearish downward structure, with the Bollinger Bands opening downward and the K-line operating between the middle and lower bands. The EMA moving averages are compressing prices from above; in the MACD indicator, the fast and slow lines are subtly crossing above the zero line, with the histogram gradually reducing in volume. The KDJ and RSI indicators are slightly rebounding from low levels, indicating a short-term technical correction demand. Short-term support is focused at the 61000 mark, with primary resistance looking at the 63500-64500 range, and strong resistance at 65500. If the rebound cannot stabilize, the fluctuation may end and could possibly test the previous low points again.

In the short-term 1-hour chart, after dipping near the 61100 level, it has entered a box consolidation, with the current price at 62800 closely following the middle Bollinger Band. The Bollinger Bands are narrowing, and the short-term moving averages are entwined and flattening; the MACD shows a slight increase in volume with a low-level golden cross, and both KDJ and RSI are gently trending upward, indicating slight bullishness in the short term. The short-term market is expected to rely on the lower band support to continue testing the upper resistance; however, breaking through will be challenging, and the overall trend still primarily involves a bearish fluctuating downward movement, making it more prudent to position around the rebound for short-selling.

Wave in the Currency Sea: 6.5 Bitcoin Short-Term Reference:

Long position: bullish in the 60500-61500 range, stop loss at 60000, target at 62000-63000-64000,

Short position: bearish in the 64500-63500 range, stop loss at 500, target at 63000-62000-61000,

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article may have delays in review and publication, and strategies may lack timeliness. Do not operate blindly】

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