BTC Market Analysis 2026.06.17 When BTC dropped below 60K, I mentioned in a tweet that if it climbs back above the green Gann angle line 3/1 (60800), there’s a high probability of a rebound. Staying true to my words, once BTC broke above that level, I closed all my short positions. Recently, BTC has rebounded by 13.8%. So, what’s next? The next day or two will be crucial. Looking at the hourly chart, the strength of the rebound over the past two days has been decent, but every time it comes to closing the daily candle, it ends up fizzling out. Both daily candles closed below the blue Gann angle line 2/1 (66300), which isn’t a good sign. To determine whether BTC can break through this key level, we need to observe at least 2-3 four-hour candles, and sometimes even wait for daily confirmation. This is because BTC often makes too many fake moves on smaller timeframes. In the coming days, BTC must break and hold above 66300 for the rebound from 59100 to potentially expand further. Whether it can reach 68191 or 69338 on smaller timeframes isn’t as important. What’s critical is that the daily candle closes above 66300 and doesn’t fall back below this line after a retest. If it can’t hold this level, no matter how high the hourly or four-hour candles go, in hindsight, it might just end up being a wick.