$BTC Crypto Circle Li Ying: 6.6 Bitcoin (BTC) Latest Market Analysis and Trading Recommendations

　　
　　Fellow traders, Bitcoin is currently priced at 60,450. Bitcoin is at a very awkward yet critical point, just around the 60k mark. Looking at the candlestick chart, this large bearish candle directly dropped to 60,600, just a step away from 60k. This area is the last line of defense for the bulls and also a dense zone for liquidation of many leveraged retail traders. The current market sentiment is very panicked, and everyone is asking: Can we hold the 60,000 level? Li Ying’s view is that betting on it holding at this position carries high risk. Because, from the chart, the heavy trapped positions above are too strong, and every rebound gets pushed down. If the price cannot quickly recover above 61,000 in the next few hours, then the 60,000 level is likely to be broken through like paper. When trading, we must respect the trend and not go against our own wallet.
　　
　　The bearish force is accelerating its release. On the candlestick pattern, there have been consecutive long bearish candles recently, accompanied by increased volume, indicating that the main funds are resolutely selling off. The Bollinger Bands indicator provides clear guidance: the lower band at 60,974 has formed the first dynamic resistance, while the middle band at 63,004 is a strong resistance level. Currently, the price is operating outside or on the edge of the lower band, which is a very weak zone. Although the MACD indicator is at a low level, it has not formed a bottom divergence structure, meaning the downward momentum has not been exhausted. Additionally, the EMA120 long-term moving average is at a high of 69,597, far from the current price, indicating that the medium- to long-term trend has completely deteriorated. Any recent upward movement can only be defined as a technical correction after overselling, not a trend reversal.
　　
　　Short-term reference:
　　
　　Buy at 59,500-59,000, exit if below 58,500, target above 60,500 aiming for 61,500.
　　
　　Sell at 62,200-62,700, exit if below 63,100, target below 60,000 aiming for 60,000.
　　
　　The above content is exclusively created by Li Ying. Please indicate the source when reprinting! Due to the delay in article review and publication, markets change rapidly. The above suggestions are for reference only; trade at your own risk. We hope Li Ying’s analysis can be helpful to you!
　　
　　The content of this article is real-time and for reference only. Trade cautiously. ‌#预测NBA总冠军赢20,000U