June 23, Tuesday BTC Morning Outlook


Today, Bitcoin overall shows a low-level bottoming and bullish accumulation for a strong upward trend, with clear and definite reversal signals in the market.
On the macro level, U.S. stocks rallied across the board overnight, and overall market risk appetite has improved, with emotional gains continuously transmitted to the crypto market, providing stable support for BTC.
After previous sustained declines and shakeouts, the bearish momentum in the market has been fully released, with short positions heavily accumulated at low levels.
A slight rally will trigger stop-loss cascades among shorts, forming a strong short squeeze and upward movement.
Technically, the key support levels at 62100–62300 have been repeatedly tested and confirmed as effective, with a solid and stable bottom foundation.
The lows are no longer decreasing, and the highs are steadily rising.
On the four-hour chart, the bearish momentum continues to weaken, with the MACD green bars shrinking in size, and the bullish recovery progressing step by step, gaining strength.
The overall intraday pattern is oscillating slightly bullish; dips are opportunities for low buying.
Once the bottom support stabilizes, bulls have enough momentum to challenge resistance zones at 64600 and 66000.
Currently, the bottom structure of the market has formed, the reversal trend is clear, and the rhythm is fully controlled by the bulls.
Follow the trend for low buying and holding positions, confidently capturing the rebound and upward movement of this bottom phase.
Trading suggestion: wait for a pullback to 632–635 to buy, target 645; break above that to see 655; if not, $BTC reverse position.
BTC-4.30%
ETH-6.18%
SOL-7.25%
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