When the boat follows the current, it sails fast; when people follow the path, they won't get lost | June 24th BTC, ETH, Gold market analysis
When the boat follows the current, it sails fast; when people follow the path, they won't get lost.
Hey everyone, I'm Jin Zhechuan.
Today is June 24, 2026, let’s take a look at the overall trend of the current market.
Yesterday, the market overall weakened, with Bitcoin dropping from around 64500 to a low of 61800. In times of market panic, we chose to buy the dip around 61900, and it later surged to 63000, allowing us to cash in on a nice rebound profit.
Next, let's dive back into the charts and check out the upcoming direction.
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BTC: The market is at a crossroads for direction.
The daily chart is weak and still hasn’t really stabilized.
First look at the daily chart.
The day before yesterday, Bitcoin spiked to around 65,500 and then saw a clear pullback, forming a hammer-like pattern with a long upper wick. Yesterday it closed again in the red, indicating that the bears still hold the initiative.
From what we can see, the market hasn’t truly stabilized in a real sense yet.
Right now, the biggest characteristic is only two words:
Sideways.
And the sideways movement is not the end—it’s waiting for a new direction.
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62,800—this is the most critical level right now
Next, it’s crucial to focus on 62,800.
If price can regain and continuously stay above that level, then the market will have the opportunity to reopen upside space.
If it can’t keep holding 62,800 all the time, then the market will still remain weak.
First watch the downside:
* Support around 62,500
* The prior low at 61,800
* The 61,000 integer level
If 61,000 is lost again, then the market will most likely continue to test lower.
The next target will look to:
59,000.
If the bears keep releasing pressure, it’s not ruled out that the market will continue testing the support of the downward channel around 55,000 discussed earlier.
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There is still an opportunity even if it’s going up.
Although it’s currently bearish, it doesn’t mean there’s no chance of a rise.
If the market can stabilize for several consecutive days and successfully break the bearish engulfing structure formed on the current daily chart, then upside space will reopen.
The first step is to test again:
A resistance zone at 64,000—64,500.
After the break, keep watching:
66,000.
If the entire upswing goes smoothly, then only afterward will there be a chance to challenge around 70,000 again.
However, this is not a market move that can be completed in a short time. It requires patience and waiting for the market to finish repairing the structure.
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Why is going long so difficult right now?
Many friends ask:
Why have I been stressing recently not to blindly chase longs?
The reason is actually very simple.
Global market liquidity is still under pressure.
The market’s expectations for future policies have started to shift, and risk assets overall are performing relatively weak.
It’s not just Bitcoin.
Nasdaq, gold, and other risk assets have all seen adjustments to different degrees in recent times.
So, right now this is not an easy environment to go long.
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Still be cautious about the bear flag structure
From a larger structural perspective.
Bitcoin previously fell all the way from around 77,000 to 59,000, forming a clearly visible main downmove.
This current sideways range is more like building an early bear flag.
If the bear flag ultimately forms in the future, then theoretically there is still a possibility of further downside.
The targets still to watch:
Around 55,000.
Of course, at the moment it’s still just structural analysis, not yet confirmed.
In the next few days, it’s an important stage to observe whether the bear flag truly forms.
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ETH: Resistance remains clearly present
Ethereum’s current trend is similar to Bitcoin’s.
First watch the level above:
1,700.
If 1,700 can’t hold, then upside is still difficult.
Even if it breaks above 1,700, there is still:
An area of resistance at 1,780—1,800.
Only with continuous breakthroughs of these levels will the market have a chance to re-enter a long-biased rhythm.
Otherwise, at the moment we still recommend being patient and waiting.
The longer the market goes sideways, the greater the volatility tends to be when choosing a direction in the future.
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Gold: Following the trend is still bearish
Gold’s recent trend basically matches the earlier judgment.
Starting from the top, we have consistently arranged short positions on rallies.
The overall targets always remain consistent:
4200 → 4000.
The current 4-hour structure has already broken below key support, indicating that the bearish trend has not ended yet.
As long as it hasn’t regained a key resistance level, gold still has the possibility to keep moving toward new lows.
From the charts, gold is still in a trend-following bearish market. Compared with digital currencies in a range, the trading logic is actually clearer.
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Today’s key focus is
Don’t rush to predict the market today. Instead, be patient and wait for the market to give the answer.
Pay special attention to the following levels:
BTC:
* Whether 62,800 can regain and hold
* Whether 62,500 can form 4-hour support
* Whether 61,800 breaks down again
* If 61,800 is lost, continue to watch for downside
ETH:
* Whether 1,700 can regain and hold
* Whether resistance at 1,780—1,800 breaks through
Gold:
* Still bearish following the trend
* Watch the 4,000 area target
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Finally
The market never rises because of predictions, nor does it reverse because of sentiment.
What truly determines direction is always the price.
What we’re doing is not guessing the market—we follow the trend; it’s not betting on direction—we wait for market confirmation.
Boats follow the river for speed; people follow the road and won’t get lost.
I am Jin Zhechuan. The above content is only for order-flow analysis and candlestick learning, and does not constitute any investment advice.
As the price action plays out, I will bring everyone the latest interpretation first thing.#比特币走势分析 #以太坊