6.26 Early Morning Bitcoin Market Analysis

Currently, there is a brief equilibrium between long and short positions, with both sides' volume contracting, keeping the price around 59500. The long bearish candle on the 1-hour level has consecutively broken through the lower support from above the middle band, and the buying demand is insufficient, allowing this decline of over 3000 points to proceed almost unimpeded. Although longs later surged in volume to rebound and repair, they did not push the price back to a safe position. Your cognition determines your ceiling; no matter how lively a market you don't understand, it doesn't belong to you.

From a technical perspective, the current BTC movement is a technical rebound after a sharp drop and cannot yet be considered a reversal of the bearish trend. It is still very evident that the price is under pressure from the 60,000 integer mark above. Bearish momentum has not further expanded in the short term, but it has not clearly weakened either. The KDJ level has not fully entered the oversold area, indicating that the current trend has neither stopped falling nor is it oversold, meaning there is still room for downside. In the early morning, before the 60,000 mark is effectively reclaimed, the short-term direction remains bearish. $BTC #0成本拿2股SK海力士 $ETH