Today is Sunday, and Bitcoin has rebounded well since this morning, with the price approaching 63,000. If it can break above 63,000, there's a high probability of it hitting 65,000. Only a successful hold above 65,000 can be considered the end of this downtrend. The current situation is still dominated by bears; prices below 65,000 are merely a rebound, not a trend reversal. Therefore, those looking to buy the dip should be patient and wait for the price to break through 65,000 before entering. If you're a trend trader, there's significant upside potential when the trend truly reverses, so don't worry about this. If you're a short-term trader, don't worry about the trend; just set stop-loss and take-profit orders for each trade and pay attention to entry timing. A short position can be placed around 62,600 with a 500-point stop-loss, aiming for a decent profit with a target of 60,000. You can exit flexibly when you see some profit along the way! For contract trading discussions and medium-to-long-term spot trading strategies, please see my profile; I will provide timely price orders.
Bitcoin rebounded well today; consider shorting at 62600.
2026-06-07 10:09:47
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