Bitcoin Market Quick Report BTC fell below 59000, tested 60000 for the third time, is this a real break or a fake fall? 】 Brothers and sisters, the latest market analysis is coming again. BTC has just fallen to 59000, with a minimum drop above 58100. The price has plummeted from its high of 61950, dropping nearly 4000 points in two days. Over 170000 people have liquidated their positions, and nearly $1 billion in long positions have been cleared. This is not the first time it has exceeded 60000, it is already the third or fourth time. 1. 59000 is a 'test room', not an 'iron bottom'. In February, it fell below 60000 for the first time and rebounded to 82820. On June 6th, for the second time, it bounced to over 67000. This is the third time. The rebound height is getting shorter each time - the first two times it was able to bounce more than six or seven thousand points, but this time it bounced from 59023 to 61950, and only bounced less than 3000 points. The elasticity of the bulls is diminishing, and the third breakthrough may have greater destructive power than the previous two. 2. Bears are gathering, not retreating. OI has climbed to 763000 BTC, the highest level since June 4th. Price is falling, OI is rising - indicating that new bears are entering the market, not old bears closing their positions. The funding rate has also turned negative, and traders are paying a premium for the downside risk. This is completely opposite to the logic of the previous two days of 'short selling to push up and rebound', and the structure has changed. More importantly, there will be nearly $10 billion worth of Bitcoin options expiring tomorrow (June 26th), with most call options being worthless. After this thing is settled, there is a high probability that the bears will continue to suppress it. 3. 59000 cannot hold on, there are still three lines of defense below. The first line: 57500-58000, this is the centralized area for leverage clearing. Second line: 55000-56000, achieved near price, with hard support on the chain. The third line: 52000-54000, the retracement range of 66% -77% in historical bear markets. 59000 is just the 'first door', not the 'basement'. 4. PCE data is tonight's variable. Tonight at 20:30 Beijing time, the PCE data for May in the United States will be released. Expected core PCE to rise to 3.3% -3.4% year-on-year, the highest since October 2023. If PCE exceeds expectations, the expectation of interest rate hikes will further strengthen, the US dollar will continue to strengthen, and BTC is likely to hit another rock. If it falls below expectations, it may provide a brief boost, but it cannot change the bearish structure. 5. Trading strategy: Do not move until the exam results are available. Keep holding the empty positions in the sky! Position 59000, neither bullish nor bearish, wait for the results to come out first. If the volume falls below 59000 and the 4-hour solid bearish line is confirmed, chase short and target 57500 → 55000. If the price shows a large volume long lower shadow line around 59000 (like on June 24th), it indicates that there is buying and wait-and-see. If the price can still rebound to 61000-62000, continue to go short fiercely. If the rebound reaches 61500 and a long upper shadow appears, add short and stop loss 63000. Perhaps this position is unlikely to be reached, as the downward trend is evident. Finally, let me say: The third test costs 60000, and the biggest difference from the previous two is that the bears are gathering and the bulls are depleting. 59000 is not an iron bottom, it's just an exam room. Let 59000 produce the results first, and let tomorrow's 10 billion options be settled first. Wait until the exam room opens before deciding whether to pull the trigger or not. Bitcoin BTC 3D Integrated Trading Analysis