June 22 BTC Outlook

BTC 63,100-63,600 gradually accumulating long positions

Defense at 62,500

Good afternoon everyone, a new week has begun. From BTC's candlestick chart, the overall trend is in a wide-range fluctuation, but from the pattern, the short-term bulls are holding a certain advantage.

After a sharp rise to the 67,255 level earlier, there was a clear pullback. This level is also near the area where buying occurred during the previous downtrend, and this previous strong support level has now turned into a strong resistance level.

Recently, the price has been supported multiple times near the midline, indicating that there is capital absorption in the 63,600-63,200 region.

If the price can effectively hold above the midline and break through the resistance near 64,700, it may attempt to challenge the 65,500-66,200 zone again.

Conversely, if it breaks below the 63,600 midline support, it is highly likely to retest the lower support #我的Gate交易时刻 area around 62,500.