Jingyi's Bitcoin (June 22-26) Market Trend

The weekly Bollinger Bands show an overall downward trend, with the long-term bearish trend not yet reversed; after a short-term oversold rebound, the daily chart is now in high-level consolidation, with the MACD green bars turning red and bearish momentum significantly weakening, but the KDJ has turned down from the overbought zone, indicating a short-term pullback and consolidation need.

The easing of US-Iran negotiations provides short-term emotional support, but it is only a rebound correction, with heavy medium- and long-term selling pressure above, making it difficult to move into a pure bullish trend. The long-term cycle remains bearish, with short-term consolidation and correction. The main strategy is to resist high on rebounds and look for light short-term longs on dips;

Key resistance: 646-649
Strong resistance: 669 must be broken to reverse the weekly bearish trend

Key support: 637
Strong support: 605, the low of this round of decline; losing this level would restart deep downward movement

Trading suggestions:
Rebound to 646-649 with a slow rise, establish short positions, stop-loss above 65200, target 637, if broken, look at 605, with an ultimate target of 550#我的Gate交易时刻