BTC Market Analysis 2026.06.16

The two levels mentioned yesterday for BTC were both hit precisely?
Tested 67,300✅ The daily close also just below 66,300✅

The upcoming days' market is very critical, directly determining the next 40-60 days' trend:

If the decline from 59,100-67,300 is a rebound targeting the blue segment in Chart 2, its structure is already complete. The daily close is below 64,000, and before 8 a.m. on June 22, Gann time, it cannot break through the blue Gann angle line 2/1 (66,400); otherwise, the rebound may end;

In the following days, if the daily candles close above 66,400 and can effectively break through the resistance zone (67,300-68,200), the rebound level may expand. Under this path, the rebound could last until late this month, with an extreme time in early July. The rebound from 59,100 should not exceed 73,800; surpassing this level would require a redefinition of the larger structure.

Summary:

Continue to observe the reaction at key levels. Currently, a small rebound is in progress, and after it ends, there may be a short decline (refer to the blue segment in Chart 2).

If the rebound level expands, the rebound from 59,100 could last a while longer, but after the rebound ends, there could be a significant decline (refer to 97,900-60k).

We are getting closer to the bear bottom. For mid- to long-term players, the correct strategy is to identify good targets and buy in stages. #btc $BTC