Wave in the Cryptocurrency Sea: 6.28 Bitcoin (BTC) Market Analysis Reference:

Bitcoin's intraday market continued to fluctuate in a narrow range, with the daily level in a downside low volatility zone, the price operating below the middle band of Bollinger, and all cyclical moving averages forming downward pressure. The overall trend remains bearish. Although the MACD is contracting, it maintains positive values, with the dual lines bonding below the zero axis. The KDJ and RSI are at low levels showing signs of stabilizing and turning upward, indicating conditions for a rebound. The core resistance above is 63000, while the support below is 59000. In the short term, it will consolidate horizontally; as long as the 59000 support holds, there is a chance for a rebound in the future market. If it fails to break through the resistance with volume, the market will retrace again to test the low support.

After the rebound and repair of the short-term 4-hour level, the indicators are slightly under pressure. The KDJ is turning downward, and the MACD bullish momentum is slowing. There is a need for short-term adjustments to repair the indicators. 59000 is the current key support; as long as it does not effectively break below this level, the short-term adjustment will end, and it will start a rebound to challenge the upper Bollinger band resistance at 61400; if it can break through the upper band, the strength of this rebound will also increase.

Wave in the Cryptocurrency Sea: 6.28 Bitcoin Short-term Reference:

Long Position: Buy in the 59000-59500 range, stop loss below 58000, target at 60500-61500,

Short Position: Sell in the 62500-61500 range, stop loss above 63000, target at 61000-60000,

【The above analysis and strategies are for reference only; please bear the risks yourself. The article may be delayed in review and publication, and the strategies lack timeliness. Do not operate blindly】

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