$BTC June 25 Boss Evening Thoughts ‖ A Zhang Yi's Thoughts

The boss hit a high of 62939 during today's session and a low of 59060, overall experiencing a roller coaster trend of first surging up and then plunging down. After luring longs in at the high, he reversed and sold off, extinguishing the bullish sentiment. The day eventually closed with a large bearish candle. After a brief celebration, the bulls were completely taken over by the bears.
From the 15-minute technical chart, the Bollinger Bands have turned downward from the upper band and narrowed, with the price steadily stuck below the middle band. All three moving averages of the Alligator indicator form a downward opening suppression pattern. The MACD green bars continue to expand downward, with the DIF and DEA lines both moving down without any sign of turning up. The KDJ indicator is also at a low level without forming a valid golden cross. In the short term, there is heavy resistance above. Every small rebound is a good opportunity to add to short positions. The chart shows no signs of stabilization or upward movement. The bulls are unlikely to turn around in the short term. The subsequent trend is to continue moving downward under the suppression.
Summary: Firmly bearish. When the price retraces to the 61600-61800 area, enter short positions. The subsequent downside targets are 60500-59100.