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6.19 $BTC Market Analysis: Today, on Dragon Boat Festival, Chief wishes everyone a happy holiday!
Try to keep the analysis as concise as possible. Until “big pancake” clears the short-term pressure at 636, the market mainly stays bearish. Watch for a further drop to the supports at 614 and 608, and whether they will rebound.
Only after 636 is reclaimed should we look at 648 and 655 for a pullback. Overall, the key to the market is the 636 level—the dividing line between bulls and bears. Rebounds below that can still be traded if you want to; this is not yet a point where a trend has shifted, so don’t let it scare you too much.