6.25 Cake

The current spot price of BTC is hovering around 61700. After the previous round of deep downside, only a weak corrective rebound has taken shape. The market’s buy-side follow-through is extremely lacking, and selling pressure inside the market has not been fully cleared. The chart’s characteristics are very clear: every round of small pull-up is accompanied by continuously shrinking trading volume; incremental main capital stays on the sidelines throughout; there is no large capital entering to provide support. This rebound is purely a technical repair after oversold conditions, and the overall downward primary trend has not reversed.

Two key overhead resistance zones are clearly visible. The first resistance is 62300, and the strong pressure level is 63200. For the market to open up upside space for longs, institutional funds must concentrate in and enter with volume to break through both resistance levels; otherwise, the rebound potential will be very limited. Once price comes under pressure and the rally stalls, short-side selling pressure will quickly surge, and the market will turn and drop directly.

Support is defended in layers below: the first short-term support is 60900, followed by secondary support at 60500. The key bottom-line lifeline for the mid-term bulls and bears is 59100. If this level is lost, it will trigger a new round of deep adjustment.

The trading approach is clear: this rebound is only a short-term “cash-back” move—blindly chasing longs at high levels is strictly forbidden. When the rebound reaches the resistance zone and upward momentum proves weak, prioritize setting up short positions in line with the trend to target pullback profits.

Cake: rebounding around 61800—62500, first target 60500, then look at 60000—59500.
#BTC下探60000美元关键关口