6-25 Thursday: At the BTC daily level, the close formed a bearish candle with a downward pin and the volume was released, which is a manifestation of the bears’ impotence; at the daily level, watch two key areas below: 59700 and the two places where a new low is formed. The weekly line has not closed, and the monthly line is still watching this month. The fastest institutions may start building positions in August—keep monitoring. The 4-hour level closed with a bullish candle.

The market is entering a slow-ranging/oscillating trend. At the daily level, whether to form a box range near 59000 below, and a trading range near 64300–67100 above. Then the price will keep grinding back and forth in this area, performing a “devil’s steps” type of price action. On the 4-hour chart, watch the yellow-arrow trend. [Warm reminder: minors must not watch the yellow} hour resistance 61600–61900. Support below: 59700 and the new low at 59100. Stop loss: 300 points. Profit space: 600 to 1000 points.]