BTC Update 07/06/2026
BTC is still in a downtrend this weekend, and the current bounce is likely just a small pullback due to a lack of volume. Therefore, the priority remains to look for short opportunities according to the main wave.
Main scenario:
* A bounce up to the supply zone at 63,000: This could create a retest before continuing to drop.
* Losing the 61,500 mark after hitting 63,000: There's a high probability it will continue to decline back to the previous low.
* Failing to reclaim the supply zone: We continue to prioritize bearish continuation.
Current outlook:
* Weekends typically lack volume, making bounces more prone to false signals and shouldn't be considered a real reversal.
* Only consider longing when there's clear confirmation; for now, shorting remains the main perspective.
*This is a personal opinion and not investment advice. DYOR
BTC is still in a downtrend this weekend, and the current bounce is likely just a small pullback due to a lack of volume. Therefore, the priority remains to look for short opportunities according to the main wave.
Main scenario:
* A bounce up to the supply zone at 63,000: This could create a retest before continuing to drop.
* Losing the 61,500 mark after hitting 63,000: There's a high probability it will continue to decline back to the previous low.
* Failing to reclaim the supply zone: We continue to prioritize bearish continuation.
Current outlook:
* Weekends typically lack volume, making bounces more prone to false signals and shouldn't be considered a real reversal.
* Only consider longing when there's clear confirmation; for now, shorting remains the main perspective.
*This is a personal opinion and not investment advice. DYOR
