June 5 Bitcoin Evening Public Strategy

On June 5, Bitcoin surged to around 64,463 in the morning session, then faced resistance and pulled back. During the day, it quickly probed down to the 61,067 low to complete a round of deep liquidation. The low triggered short-term buy support, resulting in a slight rebound. Currently, the price is fluctuating around the 62,600 area in a range.

In the short term, the rebound strength for the bulls is limited, and the bears still hold dominance in the short-term. On the 4-hour timeframe, it is in a downward repair phase.

Trading recommendation: Place orders on the rebound in the 63,200-63,800 range, targeting 62,300-61,600

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