$BTC The current market is still in a choppy repair after a fake breakout, and as we approach the monthly line close, it is most likely to remain a range-bound rebound rather than a large one-way move.
But I want to emphasize one thing: a rebound does not mean the bottom is in.
My view has not changed: in July and August, there are still expectations of refreshing the lows.**The weekly MACD has a low-position dead cross turning downward; the bearish structure has not changed.
Let’s preview the rhythm ahead: first, a rebound to test the 62400-63000 resistance zone, then a pullback to test 57500; after a rebound from there, it’s not ruled out that we see the final sell-off of this cycle, with the target still focusing on the 54000-48000 area.
The real time worth bottom-picking is not now, but during month-line level sideways consolidation to accumulate, or when a black swan event smashes out a “golden pit.”
For short-term trading: after the fake daily breakdown, there is a need for a rebound. Chasing short positions below 60,000 is not recommended. Keep watching for dip-buying around 59400. If it breaks above 61,000, there may be further tests of the 62000-62500 resistance zone.
In the short term, expect a rebound; for the medium term, wait for new lows. For the bottom, I still choose to wait.
#SpotBitcoinETFsPost$4BJuneOutflows
But I want to emphasize one thing: a rebound does not mean the bottom is in.
My view has not changed: in July and August, there are still expectations of refreshing the lows.**The weekly MACD has a low-position dead cross turning downward; the bearish structure has not changed.
Let’s preview the rhythm ahead: first, a rebound to test the 62400-63000 resistance zone, then a pullback to test 57500; after a rebound from there, it’s not ruled out that we see the final sell-off of this cycle, with the target still focusing on the 54000-48000 area.
The real time worth bottom-picking is not now, but during month-line level sideways consolidation to accumulate, or when a black swan event smashes out a “golden pit.”
For short-term trading: after the fake daily breakdown, there is a need for a rebound. Chasing short positions below 60,000 is not recommended. Keep watching for dip-buying around 59400. If it breaks above 61,000, there may be further tests of the 62000-62500 resistance zone.
In the short term, expect a rebound; for the medium term, wait for new lows. For the bottom, I still choose to wait.
#SpotBitcoinETFsPost$4BJuneOutflows