$BTC $58K Third Test Results: Rebounded from $58,928 to $59,385 — $58K is a solid floor
The results of the $58K third test are in — after BTC hit a low at $58,928, it rebounded to $59,385.
From the low at 21:30 of $58,928 to now $59,385, it rebounded by $457 within 15 minutes. The pace is the same as the first two tests: when price drops to the $58K area, someone comes in with a strong pull.
Three test records:
First: PCE hammered it to $58,115, then rebounded to $61,962 (+$3,847)
Second: the Korea crash slammed it to $58,337, then rebounded to $60,238 (+$1,901)
Third: the U.S. session hammered it tonight to $58,928, and it has rebounded to $59,385 (+$457)
Three rounds of dumping, and none of them broke below $58,000. This range has already passed three rounds of trials: PCE, the Korea crisis, and the U.S. stock market’s $8.5 billion outflow.
Even though $60K was lost, the $58K floor is getting firmer.
Today’s Fear & Greed Index is at its lowest 14, and it’s currently estimated at 15. Trading volume is $2.33 billion, with sufficient turnover.
CoinRadar’s system closing judgment: After three consecutive days of pressure testing, $58K has confirmed the effectiveness of the technical floor. On June 27 tomorrow (Friday), if it can close above $59,500 and hold, then this week will be a successful bottom-confirmation week.
The Chinese session is over; the U.S. session is still trading. See you tomorrow morning.
#BTC #Bitcoin #58K # Closing
The results of the $58K third test are in — after BTC hit a low at $58,928, it rebounded to $59,385.
From the low at 21:30 of $58,928 to now $59,385, it rebounded by $457 within 15 minutes. The pace is the same as the first two tests: when price drops to the $58K area, someone comes in with a strong pull.
Three test records:
First: PCE hammered it to $58,115, then rebounded to $61,962 (+$3,847)
Second: the Korea crash slammed it to $58,337, then rebounded to $60,238 (+$1,901)
Third: the U.S. session hammered it tonight to $58,928, and it has rebounded to $59,385 (+$457)
Three rounds of dumping, and none of them broke below $58,000. This range has already passed three rounds of trials: PCE, the Korea crisis, and the U.S. stock market’s $8.5 billion outflow.
Even though $60K was lost, the $58K floor is getting firmer.
Today’s Fear & Greed Index is at its lowest 14, and it’s currently estimated at 15. Trading volume is $2.33 billion, with sufficient turnover.
CoinRadar’s system closing judgment: After three consecutive days of pressure testing, $58K has confirmed the effectiveness of the technical floor. On June 27 tomorrow (Friday), if it can close above $59,500 and hold, then this week will be a successful bottom-confirmation week.
The Chinese session is over; the U.S. session is still trading. See you tomorrow morning.
#BTC #Bitcoin #58K # Closing