Is it a fake breakdown and waiting time for the answer? When BTC broke down and recovered to 58,000, as said before, the current rebound is close to 1,000 points. Let’s see if it’s going to tap the lower liquidity. You can defend with low cost; those with larger positions can reduce to break even. With a broader perspective, if it holds above 59,000, the next take-profit level will be around 60,800. Take profit there. #BTC
2026.7.1 1:00 AM BTC Market Analysis Today is the last day of June. Right now, BTC is still trading in a range. The range is 58,100–60,800. 60,800 is also a key long/short dividing line. We’ve been hovering near the prior low, so you can consider going long on the left side. If the market doesn’t break the new low and reclaim it, set a stop loss—if you want to be more cautious, you can wait for a drop below 58,000 and then a reclaim on the right side before going long. If it directly breaks through 58,000 with strong volume and fails to reclaim it, don’t trade—wait for the next opportunity.
Below, 57,200 and 56,600 can be used to wait for a left-side long entry as well; they are also likely breakout start points for a potential setup—trade it with good risk control and set a stop loss.
For long take-profit: place take profit above 60,000 and consider scaling out or partial profit-taking there.
Also pay close attention to 60,800. If it breaks, you can wait for a pullback and then go long. The lines I drew above on my chart can be used either to short, or as take-profit levels for longs.
Zone: 61,800–62,200, 63,100, and 64,200–64,500—when those levels are reached, there’s a high chance of reaction. For short-term trades, you can scale out and move your stop to break-even. If you want to hold with a bigger mindset, keep a proper stop loss.
Finally, when price goes down, think about how you’ll handle spot positions. Perpetual contracts can be used at any time; BTC at this price level won’t be available forever. You can set up staggered buys every 5,000 points. BTC has never disappointed people. #btc