$BTC Crypto Circle Academician: Will the 6.24 Bitcoin (BTC) trend reversal be a short-term correction? Latest market analysis

　　
　　Bitcoin is currently priced at 62,600, with the daily K-line closing at 62,500. The price has broken below the EMA15/30 moving averages, indicating a short-term downtrend. The MACD indicator's DIF is approaching DEA, and bearish momentum is still being released. The Bollinger Bands are opening downward, with the price near the lower band, and short-term support is looking at the previous low of 59,080. The strong resistance above is at the middle band at 66,370. The 100% Fibonacci extension level at 59,080 is the key defensive line for this decline; if broken, the price could move to lower ranges, and a short-term rebound is unlikely to change the downward structure.
　　
　　The four-hour K-line has again broken below the EMA15/30/60 moving averages, with multiple supports broken, and the moving averages are in a bearish arrangement, showing clear resistance. The MACD continues to expand, with DIF and DEA forming a death cross and diverging downward, indicating dominant bearish momentum. The Bollinger Bands are contracting, and after touching the lower band at 62,447, the price rebounded slightly, but the strength was weak. The 23.6% Fibonacci retracement level at 64,684 is the first resistance above. If the rebound cannot break this level, the downward trend is likely to continue, with support at the previous low of 59,080. The current phase is a weak oscillating decline.
　　
　　Short-term reference: The market is not 100% certain, so always set stop-losses for safety. Small losses, big gains are the goal.
　　
　　Support below at 61,500 to 61,000, stop-loss at 60,500, target at 62,500 to 63,500.
　　
　　Resistance above at 64,000 to 64,500, stop-loss at 65,000, target at 63,500 to 62,500.
　　
　　Specific operations depend on real-time market data. For more information, you can contact the author. The article may have a delay; please consider it for reference and bear the risks.