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6.25 Li Jingyue Midday Big Coin Idea
Early this morning, I clearly stated that the double top breakdown is the main bearish rhythm. The standard M-top pattern on the 4-hour chart has fully formed. After the 65600 double top resistance was broken, it directly penetrated all intermediate support. Yesterday's sharp drop to 59060 and the subsequent rebound were merely a mid-downtrend correction. Do not be misled by bullish candlesticks. Technically, on the 4-hour level, the MACD bearish green bars continue, highs are gradually lowering, and the bearish trend shows no bullish reversal signal.
During the day, the rebound resistance zone is locked at 62400-62800. This is the neckline conversion resistance level that was broken earlier. If the price rebounds to this range, directly open short positions, with a stop loss uniformly placed above 63500 to isolate the risk of a bullish counterattack.
First target at 60600, second target directly at 59060, the previous low. The overall market has heavy selling pressure, and all rebounds are just giving shorts better entry points. Stay firm and follow the trend to short in the midday. #BTC下探60000美元关键关口 $BTC