June 19 Morning Market Analysis

From the current market situation, the short-term bearish momentum has significantly weakened, and after testing the key support level at 62,000, the price has shown strong support and did not panic break below. Although the moving average system is still under pressure, short-term indicators have already shown clear bottom divergence and signs of stabilization and recovery. The current oscillation and shakeout seem more like a consolidation after a decline continuation.

The support zone below is very solid. As long as the recent lows are not effectively broken, market sentiment will gradually improve, and a wave of corrective upward movement could start at any time.

Overall, this is a low-position layout window after risk release. Any sharp pullback is a good opportunity to buy on dips. It is recommended to adopt a mainly long bias at low levels.

Trading Suggestions
Buy near 62,000-62,500 for Bitcoin, targeting 64,500-65,000.