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Market Analysis Today: 2026.6.8, current price around 63,000
Scenario One:
Oversold natural rebound, still continuing the downward trend, this is the most perfect type of movement, the rebound will not exceed around 66,000. If this is the case, and a stop-rise appears near 66,000, you can short. Continue to see below 60k, and the decline accelerates without bottoming out. Until a massive volume appears again at the bottom, forming a bottom.
Scenario Two:
Small range stabilizes and rises, the overall trend remains bearish. If this trend occurs, Bitcoin may rise to around 70,500 in the near term, then fluctuate up and down between 60,000 and 70,500. Finally, it breaks below 60,000, but the decline won't be deep, with a bottom forming around 55,000 before rebounding.
Scenario Three:
The recent low is the bottom, a direct reversal, entering a bull market. I think this scenario is basically impossible. We have analyzed many news factors in previous articles, and there are hardly any bullish signals.
✅ Today's Strategy
Currently, the small range is in an upward trend, so it's not suitable to short immediately. You should wait and see if there's an opportunity to go long, and only short after a confirmed pattern appears.
#btc