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6.4 Afternoon View
In the morning, Bitcoin retreated to around 61,300 and then saw a rapid rebound. However, the overall big trend remains unchanged; the rebound is only a weak corrective move, and the bulls do not have sustained upside momentum.
The trend is still relatively weak: the lows are being refreshed one after another, and the rebound cannot change the downward structure. Don’t blindly dip-buy in hopes of a reversal. Keep the idea of shorting rebounds.
Trading plan:
Short around 64,700-65,200 on the rebound, targeting 60,500-61,500$BTC $ETH