📊 BTC Market Analysis | June 29
Bitcoin remains in a bearish market structure, but buyers continue defending the $58K–60K demand zone. The recent bounce shows accumulation interest, yet bulls still need to reclaim $60.8K–61K and then $61.7K–62.2K to confirm a stronger recovery. Until that happens, the trend favors caution over aggressive longs.
Bias: 🐻 Bearish (short-term) | 🟡 Neutral (medium-term)
Key Levels
🟢 Support: $58K–60K
🔴 Resistance: $60.8K–61K → $61.7K–62.2K
Trade the trend, not your emotions. Risk management always comes first.
#BTC #Bitcoin #Crypto #TechnicalAnalysis #BinanceSquare
Bitcoin remains in a bearish market structure, but buyers continue defending the $58K–60K demand zone. The recent bounce shows accumulation interest, yet bulls still need to reclaim $60.8K–61K and then $61.7K–62.2K to confirm a stronger recovery. Until that happens, the trend favors caution over aggressive longs.
Bias: 🐻 Bearish (short-term) | 🟡 Neutral (medium-term)
Key Levels
🟢 Support: $58K–60K
🔴 Resistance: $60.8K–61K → $61.7K–62.2K
Trade the trend, not your emotions. Risk management always comes first.
#BTC #Bitcoin #Crypto #TechnicalAnalysis #BinanceSquare