6.22 Morning Thoughts

The current market is mainly dominated by slow declines. Although the market rebounded after hitting a new low, the rebound strength is not obvious. At present, the price has further dropped after breaking the 64,000 mark, and the daily K-line has stepped back to the Ema 120 trend support level of 63,000, indicating that the market may enter a consolidation cycle next.

From the 4-hour chart, the price of the currency touched the low 63,300 area, rebounded to the 64,000 area, and then fluctuated and repaired. This is just an adjustment state. The pace slowed down over the weekend. From the perspective of the form, the rebound is still lacking and obstructed, and the oscillating downward pattern has not been broken. In short-term operations, just hold the resistance high. In short, the overall market is still biased towards oscillating downward.

Pie: around 64,200-64,700, looking down to 63,200-62,300