6.7 Afternoon Analysis

From the 1-hour cycle perspective, BTC is currently in a volume-contraction rebound phase within a downtrend. It is facing multiple key resistance levels: the price has already reached the resonance pressure zone formed by the BOLL upper band and the downward MA89 moving average line. The downward trend of the long-term moving average has not been effectively reversed, and the suppressive effect is clear. At the same time, this rebound lacks confirmation of sustained volume expansion; it is only a technical correction of the prior decline and has not formed a bottom-reversal structure. The overall downward channel remains intact, and the probability of the price rejecting and falling back at key resistance levels is significantly higher. In the future, it is highly likely to return to the downtrend.

 

Trading suggestion: 62,800-63,300, target 60,800-61,300. $GT $BTC