BTC Market Analysis 2026.06.12

As shown in Figure 1, the blue Gann angle line 2/1 rebounded from 60,000 to 82,850 after the first test failed to break it. Now BTC is below this level, and this line (66,300) has become an important resistance level.

For the right-side confirmation signal on whether the decline that began with the drop from 82,850 has already ended—based on whether BTC can break and stay above the blue Gann angle line 2/1—so long as it does not hold above it, the rebound level starting from 59,130 cannot be expanded. Then, the decline that began at 82,850 has not ended yet. You can refer to this logic to make your own trading plan.

After BTC fell from 126K to 80,600, I posted and told everyone: “The bear market has started. 126,000–80,600 is the first major drop wave of the bear market.

Based on this structural division logic, on November 21, I entered a long position, betting on a rebound at the same level as 126K–80,600. Later, when BTC rebounded to around 97K, I started taking profit on the longs and opening shorts. Then I added again to the short position on the right side near 91K, and held it all the way down to around 62K.

Since 60K started moving, a rebound is underway at a level comparable to the 97,900–60K rebound of the same tier. It still follows the same idea: bet on a rebound of the same tier, and after the rebound ends, continue to short.

Since May, I have said more than once that I would short: I kept adding at 82K, 81K, 78K, and 73K until it broke below 60K. I took profit on most of the short positions, and kept a core position to place the bet. If there are signs that the rebound from 59,130 has ended recently, I will add back the positions from my profit-taking.

Since the trend is down, every wave of rebound is only a correction of the preceding down move. So what matters is not guessing how high the rebound can go, but entering short positions at the point when the rebound ends—this is the core logic behind my continued shorting this year. #btc $BTC