As of June 25, 2026, Bitcoin (BTC) is in an extremely weak pattern after a breakdown. The price is struggling around $60,000 - $61,500, and yesterday it briefly broke below $59,000**, hitting a new low since October 2024, **the key psychological level of $60,000 has been substantially lost.

📊 Key Levels Reference

· Resistance above: $61,700 - $62,300 (short-term short covering target/resistance zone); $64,300** (20-day EMA); **$65,000 - $68,200 (strong resistance zone).
· Support below: $59,000** (short-term final defense, tested multiple times); if lost, the next liquidity vacuum is at **$57,000 - $58,000**; extreme case points to **$54,000 - $55,000.

⚠️ Overwhelming Bearish: Multiple Factors Combined

· Macro and capital double whammy: Fed rate hike expectations push the dollar to a 13-month high; US spot Bitcoin ETFs have seen continuous massive net outflows since mid-June, with nearly $3 billion flowing out in June alone.
· Leading buyer wavering: The largest holder, Strategy, due to doubts about its financing model, stock price plunges and buying speed drops sharply, market worries about its sustained purchasing power.
· Massive options pressure: Approximately $10 billion in Bitcoin options expire tomorrow (June 26), market maker hedging may trigger violent volatility.
· Technical death cross: Price below all major moving averages (20, 50, 100, 200-day EMA), bearish alignment clear.

📈 Two Trading Ideas Today (Extremely High Risk)

· Follow trend wait-and-see/short-term bearish (relatively stable): If it rallies to around **$61,700-62,300** and encounters obvious resistance, you can try short with a small position. Need to closely watch **tonight's US PCE price index** (if it exceeds expectations, it will strengthen rate hike expectations), stop loss set above $64,300, targets at $60,000, $59,000 or even $57,000.
· Left-side counter-trend bounce (only for aggressive spot players): Only consider if there is a clear volume stabilization signal around $59,000, and must use a small position. But under the current bearish trend, the win rate is low, so you need to strictly control position. #以太坊 #比特币