6.29 Big Cake around 60000, Qingsang Ru, target 59200/58000
If you want to do “duo”, try around 58000 with Qingsang, Zisun at 57200, target 59500/60500
For the Big Cake: the lowest wick/poke is 58030, then a rebound; currently it’s still consolidating around 59500. From the 1-hour perspective, it continues to run below the moving average line, and the rebound strength is rather weak.
Although 59000 has shown continuous support/acceptance, it still hasn’t managed to break through and hold firmly at 60000.
This suggests that funds are more focused on rotation/repair rather than a trend reversal.
On the news front: the latest released US May PCE has continued to rise.
Inflation pressure remains; market expectations that the Fed will keep relatively tight policy have not clearly cooled down. Risk assets overall are still under pressure.
60000 is the first resistance in the short term—if it can’t break above and hold, the outlook remains bearish.
Downside, focus on support at 59000 and 58000. If 58000 is breached again, it’s not ruled out that price continues downward to find a new equilibrium zone.
The more panicked the market gets, the more likely it is to make people feel the “bottom” is near.
Remember what I said: this wave will most likely at least test around 54, and that’s when it’s suitable to probe for a D trade $BTC #BTC走势分析
If you want to do “duo”, try around 58000 with Qingsang, Zisun at 57200, target 59500/60500
For the Big Cake: the lowest wick/poke is 58030, then a rebound; currently it’s still consolidating around 59500. From the 1-hour perspective, it continues to run below the moving average line, and the rebound strength is rather weak.
Although 59000 has shown continuous support/acceptance, it still hasn’t managed to break through and hold firmly at 60000.
This suggests that funds are more focused on rotation/repair rather than a trend reversal.
On the news front: the latest released US May PCE has continued to rise.
Inflation pressure remains; market expectations that the Fed will keep relatively tight policy have not clearly cooled down. Risk assets overall are still under pressure.
60000 is the first resistance in the short term—if it can’t break above and hold, the outlook remains bearish.
Downside, focus on support at 59000 and 58000. If 58000 is breached again, it’s not ruled out that price continues downward to find a new equilibrium zone.
The more panicked the market gets, the more likely it is to make people feel the “bottom” is near.
Remember what I said: this wave will most likely at least test around 54, and that’s when it’s suitable to probe for a D trade $BTC #BTC走势分析