Wave Riding in the Cryptocurrency Sea: BTC Market Analysis Reference for June 26:

Bitcoin quickly dipped yesterday, breaking below the previous low and reached the 58100 level before rebounding. The current price is around 59800. From the daily chart, Bitcoin's bearish trend continues completely; the current coin price remains under pressure from all short-term EMA moving averages while staying below the middle band of the Bollinger Bands, with a dense pressure zone above; MACD is still operating below the zero line, and the bullish energy bars are gradually shrinking, with the initial formation of a death cross, and the downward momentum has not dissipated. However, KDJ has fallen into the low oversold zone, indicating a demand for technical correction, though the RSI indicator has yet to break above the 50 neutral line, suggesting that the rebound strength is weak. The short-term market only possesses conditions for a slight weak rebound, and if the rebound peaks meet resistance, the bearish trend will continue again. The key support for this downturn is at 58000; if it effectively breaks down, a new round of downside space will open up.

The short cycle of the 4-hour level has stopped falling at the low of 58100 and has started slight recovery. The overall Bollinger Band is opening down, and the 7/15/20 period EMA moving averages are all pressing the market, indicating that the mid-term declining structure has not changed; MACD's bearish volume bars continue to shorten, with the two lines slightly turning but still in the weak zone below the zero line, with insufficient bullish momentum. After forming a golden cross low, KDJ's J line quickly turned downward, with RSI also slightly retracing. Although there is some rebound momentum in the short term, the rebound space has a clear ceiling, with the first resistance at 61200 (20-period moving average + Bollinger middle band). If the rebound cannot stabilize above 61200, the market will again retest the low of 58115; only by breaking through the Bollinger middle band with volume can the short-term bearish trend be temporarily broken. It is suggested to focus on selling at rebound highs in operations.

Wave Riding in the Cryptocurrency Sea: Short-term Bitcoin Reference for June 26:

Long Position: Buy in the 57800-58500 range, stop loss at 500 points, target at 59000-60500,

Short Position: Sell in the 61500-60700 range, stop loss at 500 points, target at 60000-59000,

[The above analysis and strategy are for reference only. Please bear the risk yourself. The article may have delays in review and publication, and the strategy may not have timeliness, so do not operate blindly]

This article is an original share from [Wave Riding in the Cryptocurrency Sea], representing personal views only. The article has a delay in posting and is for reference only; do not operate blindly! Want to get more real-time daily trades? Then follow my public account! Here, you can engage in online technical learning and learn about relevant knowledge for exiting positions. I have years of research experience in the market and focus on the major trends in the cryptocurrency space. Mainly responsible for analyzing and guiding investments in BTC, ETH, SOL, BCH, and other coins. Welcome to study and research together.

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