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The market for $BTC is set to drop at any moment, and the last week's low at 62200 is definitely going to be breached. Our first target is 60500, and as for whether we’ll break below the new low of 59000, we’ll keep that on the table. Once we hit the 60500 mark, I'll provide further analysis.
$BTC For two consecutive weeks, it looks like the whales want to make some moves on Mondays, which indicates the main upward wave. The main intention is to bait the bulls and simultaneously liquidate heavy short positions with stop-losses, thereby reducing the extent of the BTC drop and protecting its global influence and value.
After this morning's pump, we saw a slight high-level consolidation, which indicates that the whales are waiting for changes in the long-short ratio. If the targets aren't met, there will be a second wave of main pumps. But it's important to note that the resistance levels above are being pressured: the 4-hour EMA and the daily Bollinger Bands upper band resistance are at 66200-66500, and the candlestick resistance is at 65000-65000. For resistance levels, this is considered downward pressure, while support levels are trending upwards. This narrowing range means that we're currently experiencing a candlestick triangle compression pattern.
With the mid-term indicators showing downward pressure, the daily Bollinger Bands middle and upper bands are in a downtrend. Overall, the mid to long-term trend indicates that the market is under pressure, and the only support with some strength is the daily Bollinger Bands lower band and the candlestick pattern support at 60500.
Currently, the overall market indicators still have bearish potential.
Note: The low point of last week's pullback around 62200 needs to be broken; we're currently at 60500. As for whether it will break to a new low, let's keep that probability in mind and analyze once the price hits 60500.
$BTC For two consecutive weeks, it looks like the whales want to make some moves on Mondays, which indicates the main upward wave. The main intention is to bait the bulls and simultaneously liquidate heavy short positions with stop-losses, thereby reducing the extent of the BTC drop and protecting its global influence and value.
After this morning's pump, we saw a slight high-level consolidation, which indicates that the whales are waiting for changes in the long-short ratio. If the targets aren't met, there will be a second wave of main pumps. But it's important to note that the resistance levels above are being pressured: the 4-hour EMA and the daily Bollinger Bands upper band resistance are at 66200-66500, and the candlestick resistance is at 65000-65000. For resistance levels, this is considered downward pressure, while support levels are trending upwards. This narrowing range means that we're currently experiencing a candlestick triangle compression pattern.
With the mid-term indicators showing downward pressure, the daily Bollinger Bands middle and upper bands are in a downtrend. Overall, the mid to long-term trend indicates that the market is under pressure, and the only support with some strength is the daily Bollinger Bands lower band and the candlestick pattern support at 60500.
Currently, the overall market indicators still have bearish potential.
Note: The low point of last week's pullback around 62200 needs to be broken; we're currently at 60500. As for whether it will break to a new low, let's keep that probability in mind and analyze once the price hits 60500.
$BTC The US-Iran negotiations are just back-and-forth with no real outcomes, all just for show, and in the end, it's just a lot of finger-pointing.
Seeing both sides at a standstill, I, a self-proclaimed crypto trader known as Little Zhang, am ready to jump into the fray. Next meeting, I'm bringing some spicy Wei Long snacks and Luosifen to the table to whet their appetites. Once their appetites are whetted, the chances of a blow-up go sky-high. If we can't reach an agreement, we might as well just split and go back to our corners to go hard at it. #美伊和平协议
The market has been choppy, oscillating below 64000 before flipping to a downtrend. Then Israel dropped a bombshell, and the price suddenly surged, breaking through 64000 to hit 64380. At this point, the market is panicking, fearing a one-way bullish trend.
Right now, the sentiment for a bottom reversal is gradually rising. Personally, I think it’s too early to discuss outcomes because the overall market indicators don’t support this analysis.
From a mid-to-long-term perspective, the price will likely return to around 62300 before bouncing back to 67500, or it could break below 62300 and drop to 59000, or even set a new low. The mid-range indicators suggest it doesn't have the momentum to shoot straight up to 67500 at this time.
Additionally, since the overall market indicators still have bearish potential, I don't care how often the news comes out to stir emotions.
In this long bear market, the downtrend hasn’t been a straight shot; there have been multiple bounces and fluctuations, thanks to countless bulls stepping up and holding the line. They’ve stood firm against the torrent of falling prices, acting as a buffer for the market, allowing trend traders to move forward with ease. As the Dragon Boat Festival approaches, I want to express my gratitude and respect to all my fellow bulls. Wishing you peace of mind year after year, and may your endeavors be prosperous and healthy.
On Independence Day, the US stock market is closed, and every quarter, options and futures expire on the third Friday of March, June, September, and December. So with the US markets closed, this week’s expiry will be moved up to Thursday, which means before 4:30 AM Beijing time, there will be peak intervals around 3-4 AM.
At this time, the US stocks are bound to crash hard.
As for BTC, the indicators are bearish. Will it be affected by the US market crash? Or will the institutions in the US sell off their funds, causing a liquidity influx into the crypto market just like during the CPI? Will US stocks and gold crash, while BTC rallies?
Looking at the overall market, the whales have already made a passive move, pushing BTC from 63600 to 67200. They can’t push it up further now, and it’s rare to bait the market with news of a peace agreement for more retail investors to catch the falling knife. They have achieved their goal: preventing BTC from crashing hard, protecting its market value while harvesting some profit.
One last thing: even in a bear market, BTC won’t just keep dropping; there has to be some resistance to curb its decline. After all, it’s virtual, unlike gold and US stocks. If BTC crashes too hard, it risks losing global recognition of its value, and then this pig farm will inevitably lose its investment significance. Do you think institutions are willing to let that happen?
So yes, it may drop, but occasionally at certain points, they might slightly bait the bulls to act as a dam. In this, we should thank our fellow bulls around the 67200 mark for catching the dip.
So you didn’t see BTC continue to drop after the CPI release, but rather it was a corrective move. However, this doesn’t affect its continued decline, but the magnitude will definitely slow down.
Still, I’ll say it again: keep an eye on the probability of breaking below 59000 for new lows.
Due to the character limit on each post, here's the follow-up.
Peace talks are definitely going to face more aggressive negotiations; it won't be smooth sailing. Once the pretty ones don't get the bottom line they want, they'll definitely flip. So institutions will definitely start dumping in the US stock market ahead of time; everyone knows that the US stock market always weighs down the crypto market, and the whales will run ahead of the retail traders.
Last night, I provided a detailed explanation of the entire mid-to-long-term indicators. Everyone will compare this bottom formation with the one after the crash on February 5, 2026, to understand the bottom-building phase, which is characterized by a sideways-up trend, meaning the highs and lows are in a parallel line formation.
Personally, I'm not optimistic. From the 12-hour indicators, the KDJ hitting the bottom has a chance to reverse and drive the MACD golden cross through the zero line, forming an upward trend. However, the daily candlestick patterns and indicators combined are bearish, while the 4-hour Bollinger Bands lower band is being pressed down, and the MACD death cross has broken the zero line. The 6-hour chart still has room for further decline. The overall market indicators still show bearish potential. You can also look at the trading volume; this kind of market often rubs against the 4-hour Bollinger Bands lower band to release bullish energy before dropping again.
Also, think about it: at the high of 67200, currently at a bottom of 63500, can a 2700-point gap trigger a bull run? Not likely. Consider that the difference between 60700 and 67200 is 6500 points. Friends who entered the market early know that in 2024 and 2025, is BTC's daily swing not above 4000? It's basically fluctuating around 5000-6000, right? Because this is the normal crash point spread for BQ. Many people control their trades within this range. At that time, crypto legalization hadn't officially kicked in yet, and institutions were afraid of long nights and many dreams, basically short-term harvesting and then leaving. Unlike now, where the beautiful country recognizes it, and a lot of ETFs are available for purchase, leading to more grinding patterns. But from all this, it's clear that to trigger a bull run, 63500 is insufficient.
In summary: the market is still set to decline. Currently, we are in a range of 63500-64500, oscillating to release bullish energy, but further declines are expected. This can also be interpreted as the daily candlestick pattern of the Bollinger Bands lower band from June 15.
I've said everything I needed to say. As for the technical indicators that shouldn't be disclosed, I can't reveal them; I can only write about them to the best of my ability. I hope this helps you all.
I wrote this straight out without a review, so there might be typos. I just posted it quickly, so if you see any typos, don't laugh, haha.
The above is my personal analysis and insights. Please consider it carefully $BTC
加密扫地僧
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$BTC btc is currently dipping around 63500, which is also the low point from Monday’s early morning drop, the same spot where the peace agreement news between the US and Iran emerged, leading to a reversal and a bounce back up.
The price rallied up to around 67350. I mentioned that 67500 is a crucial watershed, and after it was successfully broken on June 3rd, it pushed towards the 60k mark, which aligns with my previous analysis and predictions.
Now, regarding the surge due to the announcement of the peace agreement, there was a slight shakeout near 66000 to test the market's long and short ratio, and ultimately it surged strongly to 67250, getting stuck at the strong resistance level of 67500.
Looking back, on June 10th, the CPI data revealed the highest values in nearly three years. Although it matched expectations, the reality is that inflation is excessively severe, leading to declines in US stocks and gold, while oil and BTC saw inflows resulting in price rises.
BTC should technically be dropping, but given that BTC had been on a downward trend for the previous two weeks and had broken the new low at 60k, the market was in a bottom consolidation phase. This became capital inflow from institutions selling off in the US stocks and gold; prices were low, leading to a main lift and a harvest wave. From a long-term indicator perspective, especially on the 12-hour chart, it was bearish at 64500, but the market had a strong bullish surge at 5 AM on June 15th due to the peace news.
Last week, the price oscillated from 60700 to 64700 over four days, and by 9 AM on the 12th, it had already lifted to 63900, just 800 points shy of the 64700 high. It’s clear that the whales are aiming for a short-term harvest wave, allowing more spot buyers and bulls to take over the ride, which aims to stabilize BTC against further drops. This is a classic case of poor liquidity, trying to get more retail traders to stabilize the market.
However, this time the market didn't play along, with the majority leaning bearish, leading to the main bullish wave from 63600 to 67200. From an indicator standpoint, such a main bullish wave is somewhat forced; if the short interest at 64500 is massive, the peace agreement news could have easily led to a trap for the bulls with a subsequent dump. The heavy short interest and the lack of bullish buyers are causing this situation.
Before the Fed's interest rate decision is released, anyone with a bit of sense knows there's a high probability it will remain unchanged, with a slim chance of a rate hike and no chance of a rate cut. Given the severe inflation, the US-Iran peace agreement is unlikely to go smoothly due to the conflicting interests of both countries.
$BTC btc is currently dipping around 63500, which is also the low point from Monday’s early morning drop, the same spot where the peace agreement news between the US and Iran emerged, leading to a reversal and a bounce back up.
The price rallied up to around 67350. I mentioned that 67500 is a crucial watershed, and after it was successfully broken on June 3rd, it pushed towards the 60k mark, which aligns with my previous analysis and predictions.
Now, regarding the surge due to the announcement of the peace agreement, there was a slight shakeout near 66000 to test the market's long and short ratio, and ultimately it surged strongly to 67250, getting stuck at the strong resistance level of 67500.
Looking back, on June 10th, the CPI data revealed the highest values in nearly three years. Although it matched expectations, the reality is that inflation is excessively severe, leading to declines in US stocks and gold, while oil and BTC saw inflows resulting in price rises.
BTC should technically be dropping, but given that BTC had been on a downward trend for the previous two weeks and had broken the new low at 60k, the market was in a bottom consolidation phase. This became capital inflow from institutions selling off in the US stocks and gold; prices were low, leading to a main lift and a harvest wave. From a long-term indicator perspective, especially on the 12-hour chart, it was bearish at 64500, but the market had a strong bullish surge at 5 AM on June 15th due to the peace news.
Last week, the price oscillated from 60700 to 64700 over four days, and by 9 AM on the 12th, it had already lifted to 63900, just 800 points shy of the 64700 high. It’s clear that the whales are aiming for a short-term harvest wave, allowing more spot buyers and bulls to take over the ride, which aims to stabilize BTC against further drops. This is a classic case of poor liquidity, trying to get more retail traders to stabilize the market.
However, this time the market didn't play along, with the majority leaning bearish, leading to the main bullish wave from 63600 to 67200. From an indicator standpoint, such a main bullish wave is somewhat forced; if the short interest at 64500 is massive, the peace agreement news could have easily led to a trap for the bulls with a subsequent dump. The heavy short interest and the lack of bullish buyers are causing this situation.
Before the Fed's interest rate decision is released, anyone with a bit of sense knows there's a high probability it will remain unchanged, with a slim chance of a rate hike and no chance of a rate cut. Given the severe inflation, the US-Iran peace agreement is unlikely to go smoothly due to the conflicting interests of both countries.
Market trends for $BTC are in line with last night's analysis and predictions.
加密扫地僧
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$BTC Long-term indicators are showing bearish signals, while mid-term indicators, like the 4-hour Bollinger Bands, are indicating that the lower band is curving up, the upper band is flat or even tilting down. This means we won't see a sudden drop breaking through the lower band; we need to unleash some bullish energy first. This is somewhat similar to what I mentioned about the May 18th daily candle at 76000, where it retraced before breaking down again. The drop on 518 was about releasing mid-term indicator space before dropping again, while this time it's about releasing short-term plus 1-hour indicator space before dropping. The 518 drop had the overall market indicators supporting a bearish bottom, and this time we have long-term 12-hour and daily indicators showing a bearish bottom as well.
$BTC Long-term indicators are showing bearish signals, while mid-term indicators, like the 4-hour Bollinger Bands, are indicating that the lower band is curving up, the upper band is flat or even tilting down. This means we won't see a sudden drop breaking through the lower band; we need to unleash some bullish energy first. This is somewhat similar to what I mentioned about the May 18th daily candle at 76000, where it retraced before breaking down again. The drop on 518 was about releasing mid-term indicator space before dropping again, while this time it's about releasing short-term plus 1-hour indicator space before dropping. The 518 drop had the overall market indicators supporting a bearish bottom, and this time we have long-term 12-hour and daily indicators showing a bearish bottom as well.
The market is still consolidating around $BTC , and we might see it dip down to around 60000. There’s still a chance for new lows.
Here are two simple charts to illustrate this. With the combination of seven key indicators, regardless of any market friction, we ultimately need to retest those lows.
CPI data is out, inflation is serious, US stocks and gold have tanked, and funds are flowing into BQ and crude oil. Plus, BTC was in a bottoming phase at the time, rallying up, yet the overall market is still dominated by bears. Last week, it peaked at 64700, with an increase of around 4000 points.
As for long-term indicators, they’re bearish at any moment, and currently, the market is still heavily leaning towards bears. From Monday midnight, it surged from 63600 to around 67250, which is a classic upward wave trend.
This surge is aimed at the announcement of US-Iran peace talks, mainly to clear out heavy short positions and stop-loss orders, with the news triggering a bait-and-switch for longs.
In the past two days, crude oil plummeted after peace talk news came out, while US stocks and gold rose, and BTC also increased again. For ZB, these prices are still cheap for bottom buying.
After this phase, we face the Federal Reserve's interest rate decision at 2 AM on the 18th. It could either raise rates, but more likely, it will keep rates unchanged, and a rate cut is out of the question. Plus, the US-Iran peace talks won’t go smoothly; many vested interests won't allow it.
The big players won't wait for the Fed's rate decision to start selling; they usually start dumping early. The market always reacts ahead of news, while retail traders are always late to the game.
So, it's clear: BTC will definitely trend down or experience sideways declines over the next few days. This long-term indicator is already bearish, that's a hard fact.
I still want to say, is 59000 really the bottom? Until the daily chart forms a bullish pattern, I will always keep the probability of breaking new lows in mind.
$BTC The entire market hasn’t even considered reaching 67500. The news of the US-Iran peace agreement that dropped early this morning sparked a market rally, but looking at the indicators, 64500 is already in a downtrend zone. The long-term indicators are signaling bearishness at any moment. This news-driven spike is largely due to a high short position ratio.
This type of market behavior is reminiscent of the high-level consolidation at 82800, where it kept luring in longs before a drop. This time, it’s more about luring in longs to liquidate them. There's no way this will just shoot up into a bullish trend all at once.
The long-term indicators are stuck, indicating only a drop ahead. But right now, we need to consider the market's surge of 3300 points today, while last week’s gain was just about 4000 points. This only points to one thing: taking advantage of the US-Iran news, quickly ramping up to liquidate heavy shorts and trigger stop-losses, leading to a sell-off.
Currently, the market is also stuck at the 4-hour EMA double bands at 67500, marking a crucial watershed. I mentioned this point during the last big drop. The 12-hour and daily indicators are lagging, while the 12-hour Bollinger Bands have been pushed to the extreme. This scenario is rare and suggests that it’s all aimed at stirring up bullish market sentiment to serve the interests of the whales.
I still stand by what I said: when the crypto bill passed on May 14, it skyrocketed to 82000. The behavior is consistent; ultimately, we must follow the indicators and expect a downward trend.
Thanks to the platform for the occasional surprises, it's not just about the 💰, but a recognition for us small traders.
My long-time followers know that my follower count has steadily grown thanks to my own posts, no matter how tough it gets. I stay true to myself, and I’ll keep pushing forward until my brain starts lagging during analysis, at which point I’ll step back, realizing I’m getting too old for this market.
Shoutout to my apprentices and fans for the support, let’s keep grinding! 💪💪💪
$BTC This week’s last day, we see the current market stuck around 64500, which is a strong resistance level, with the watershed at 67500 above.
Last time, it broke 67500 and was close to 60000, but will it approach 67500 this time?
Looking at the overall market, the long-term 12-day MA indicators are seriously lagging behind. No need to consider that the market will inevitably drop; it’s either going to continue consolidating at the bottom or break down to new lows.
The mid-term 4-6 hour indicators are also lagging due to being overly lifted by short-term indicators. The mid-term MACD has broken the zero line, which is a normal occurrence. To put it simply, bears are dominating, harvesting some gains, and then trying to lure in more buyers. If the long-short ratio doesn’t meet the market makers' requirements, we’ll continue to see friction at these high levels. However, from the candlesticks, we can see on June 8, the high was 64200, and on June 14, it was only 64700, with the overall trend in a slight upward consolidation. The latter part of this week’s trend will also be a slight upward consolidation, with the increase even less than last week's big drop.
This is a classic situation where the market could crash at any time, but the lure for more buyers hasn’t met the market makers' requirements and is just hanging there. For retail traders, in this kind of market, either play the swings or set up short positions; the bottom consolidation still needs to continue, and there’s even a chance of breaking to new lows.
If bears get trapped, it’s no big deal; just manage your position and wait for the drop. As for 67500, it’s basically unlikely to reach that level; the long-term indicators are too lagging now, and the market is set to come down at any moment.
This week’s market saw CPI data released, leading to a crash in US stocks and gold, with some funds flowing into BQ as a result. However, US stocks will always pressure BQ; as long as the market makers get the long-short ratio they want, they will naturally sell off. In fact, from the current trend, it’s clear they’re eager to sell off.
Just wait patiently for the crash; this is merely a funds rotation harvesting, and in the end, everything will revert to normal.
$BTC We're in the accumulation phase, long-term indicators are lagging, and the mid-term is also lagging as the market gets ground down. Overall, the market trend remains unaffected.
This is a classic bottoming out pattern after a significant dip. As long as the long-term indicators haven't broken out into a bullish formation, the accumulation phase will continue, keeping the probability of a new low intact.
To put it simply: the market is likely to bounce back to 60500-61000, but there's still a chance we could break new lows.
In layman's terms, it's either 60500-61000 as the bottom with 64200 as the ceiling, leading to continued fluctuations, or we break below 60500 and drop to 59500, possibly even lower.