$BTC
#BTC🗓 (6.30 Today’s Analysis)
The daily chart is basically a sideways consolidation with a single-stroke look. It’s a low-level range fluctuation. For the larger time-frame trend, it remains in continued low-level consolidation. The longer the market stays range-bound, the more likely it is to drop after a breakdown. At the moment, the price action still fits normal logic and hasn’t gone beyond expectations. Also, the longer it consolidates, the stronger the acceleration after a break. It just needs one trigger. In short, remember this: it may be late, but it won’t be absent. Wait for the breakdown—wait for the acceleration—wait for an even lower price—wait for a more favorable position!
On the weekly side, one bullish candle has turned into consecutive bearish candles. The candle that pierced the bottom did not accelerate further downward, but the lower wick is extremely short. Except for not closing below 59,000, all the other conditions are still aimed at breaking the bottom. Based on probabilities, this week has room to continue the decline. 55,000 at the bottom is the first target. Yesterday, I also mentioned the 64,000 resistance pressure. So basically, the high and low points have already been defined. Today I want to emphasize it again because the monthly chart is closing out. These two days are very important and easily lead to big rallies and big selloffs. Overall, however, the trend won’t change—if there is a rebound, it’s only “a bit of rebound,” nothing more. It’s merely the definition of a trigger point!
In the short term, the pattern shows a consecutive bullish signal, but these bullish candles occur within a “suppression” structure rather than indicating a reversal. Even if there is a rebound, it would still be a bull trap. Therefore, the trend won’t change. For the upcoming movement: if there is a rebound, you still need to watch the downside. Judging by the strength on the 4-hour chart, the rebound space is limited. Focus on around 60k (about 60,000) to see further downside.
If you’re afraid, you can reduce your position. If the rebound keeps continuing, I believe areas around 61,000–61,500 are still very strong resistance. Price rises slowly and falls quickly—any strong, effective resistance points should still be found on the downside. No matter what, you should stay bearish as the main bias!
For downside support, watch whether 58,000 breaks. If it breaks down, the minimum acceleration can be expected in the 57,000–57,500 zone. If this happens during the US market session, it could bring even stronger momentum—such as the 55,000–55,500 area. If you want a more steady view of a rebound, I think it’s still best to wait until 55,000–55,500, which is relatively safer!
#BTC
Place a sell order at 60,000 📉, defense at 61,500, target 58,500–57,500
#BTC🗓 (6.30 Today’s Analysis)
The daily chart is basically a sideways consolidation with a single-stroke look. It’s a low-level range fluctuation. For the larger time-frame trend, it remains in continued low-level consolidation. The longer the market stays range-bound, the more likely it is to drop after a breakdown. At the moment, the price action still fits normal logic and hasn’t gone beyond expectations. Also, the longer it consolidates, the stronger the acceleration after a break. It just needs one trigger. In short, remember this: it may be late, but it won’t be absent. Wait for the breakdown—wait for the acceleration—wait for an even lower price—wait for a more favorable position!
On the weekly side, one bullish candle has turned into consecutive bearish candles. The candle that pierced the bottom did not accelerate further downward, but the lower wick is extremely short. Except for not closing below 59,000, all the other conditions are still aimed at breaking the bottom. Based on probabilities, this week has room to continue the decline. 55,000 at the bottom is the first target. Yesterday, I also mentioned the 64,000 resistance pressure. So basically, the high and low points have already been defined. Today I want to emphasize it again because the monthly chart is closing out. These two days are very important and easily lead to big rallies and big selloffs. Overall, however, the trend won’t change—if there is a rebound, it’s only “a bit of rebound,” nothing more. It’s merely the definition of a trigger point!
In the short term, the pattern shows a consecutive bullish signal, but these bullish candles occur within a “suppression” structure rather than indicating a reversal. Even if there is a rebound, it would still be a bull trap. Therefore, the trend won’t change. For the upcoming movement: if there is a rebound, you still need to watch the downside. Judging by the strength on the 4-hour chart, the rebound space is limited. Focus on around 60k (about 60,000) to see further downside.
If you’re afraid, you can reduce your position. If the rebound keeps continuing, I believe areas around 61,000–61,500 are still very strong resistance. Price rises slowly and falls quickly—any strong, effective resistance points should still be found on the downside. No matter what, you should stay bearish as the main bias!
For downside support, watch whether 58,000 breaks. If it breaks down, the minimum acceleration can be expected in the 57,000–57,500 zone. If this happens during the US market session, it could bring even stronger momentum—such as the 55,000–55,500 area. If you want a more steady view of a rebound, I think it’s still best to wait until 55,000–55,500, which is relatively safer!
#BTC
Place a sell order at 60,000 📉, defense at 61,500, target 58,500–57,500