$BTC ‌BTC Analysis – 24 June 2026

Bitcoin is trading around $62,700–62,900 and remains in a corrective trend on the daily timeframe. The broader structure is still bearish, but short-term oversold conditions could trigger sharp relief rallies.

Key Levels

Support 1: $62,300

Support 2: $61,000

Major support: $60,000

Resistance 1: $63,900

Resistance 2: $65,500

Major resistance: $67,200

These levels align with recent price action, moving averages, and derivatives positioning.

Technical Outlook

Daily RSI is below 50, indicating weak momentum.

MACD remains negative.

BTC is trading below key moving averages, keeping sellers in control.

Open interest has declined, suggesting leveraged longs were flushed out.

Trading Scenarios

Bullish Setup

Entry: $63,950–64,100 after a confirmed breakout

Targets:

TP1: $65,500

TP2: $67,200

Stop-loss: $62,900

Bearish Setup

Entry: $62,200–62,300 on a breakdown

Targets:

TP1: $61,000

TP2: $60,000

TP3: $58,000

Stop-loss: $63,100

Intraday Bias

Above $64,000 → momentum shifts bullish.

Below $62,000 → higher probability of a move toward $60,000.

As long as BTC stays between $62,000 and $64,000, expect choppy range trading.

For leveraged trading, a 5×–10× position size is safer in the current volatile environment.