$BTC CryptoCircle LiYing: 6.7 Bitcoin (BTC) Latest Market Analysis and Trading Recommendations

　　
　　Fellow traders, Bitcoin is currently priced at 60,880. The 2-hour candlestick chart shows a weak oscillation within a downtrend. From a trend perspective, the downward channel initiated from the high of 78,080 remains unbroken. Although the price found temporary support around 59,130, the rebound strength has always been weaker than the downward momentum, indicating a typical bearish-led consolidation pattern. In this scenario, investors should be cautious of false breakouts that lure buyers or rapid breakdowns that accelerate declines. The core logic is to use technical indicators to quantify the bullish and bearish forces and identify high-probability trading points.
　　
　　On the technical indicator front, EMA7, EMA30, and EMA120 are arranged in a bearish alignment. The short-term moving averages suppress the rebound space, the medium-term averages confirm the continuation of the downtrend, and the long-term averages define the background of a bear market cycle. In the MACD indicator, although DIF and DEA show a bullish divergence with new lows in price, the indicators have not made new lows. The green bars are shrinking only slightly, and both lines remain below the zero axis, indicating that the bulls lack sustained momentum for a rebound. The Bollinger Bands' middle band at 61,297 and lower band at 59,656 have narrowed to a historic low, suggesting the market may soon break out directionally. Attention should be paid to the validity of breaks above or below the bands.
　　
　　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 59,000
　　
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