On the first day of the new week, it remains sideways with a narrow range of 58.8k$-60.3k$. It’s accumulating while waiting for the market to choose a direction.
The uptrend or downtrend is not yet clear, which shows that investors are being very cautious. Looking at the technical chart, the 1D candlestick is being suppressed below the MA7 at 60.5k$, with strong resistance—BTC has tested it many times but couldn’t break through. However, the price also hasn’t been able to drop below the 58K$ area.
My personal prediction for the coming time is that BTC will likely have a deep sweep of long positions, potentially reaching the 49k$-50k$ range, lasting throughout July, and only then will it decide the direction of the next market trend.
Bro, Spot could consider buying BTC gradually at this stage, but note to buy in portions—not all in—because the market this year has many unknown objective factors, so we don’t know where the bottom is.
Wishing all investors success.