6.26 Morning Analysis

From the 15-minute to daily level structure, BTC shows a clear multi-period price descending arrangement: 15-minute 62,500, 1-hour 62,000, 4-hour 61,500, 8-hour 61,000, daily 60,500, forming a typical near-high, far-low bearish alignment, indicating short-term selling momentum is dominant, and the price spreads across periods have not yet shown significant convergence. The effectiveness of the support below still needs verification.

The indicator level at 59,875 serves as the key intraday bull-bear watershed. The current price shows a significant negative deviation from it, implying that the fair pricing center has shifted downward, limiting the room for short-term rebounds. Above, focus on the 60,500–61,000 resistance zone, which is the key intraday bull-bear transition level. If a rebound fails to break through this zone effectively, the bearish structure will continue.

During today's Asian session, the market is expected to maintain a pressured, consolidating pattern, with focus on the buy-side support strength in the 59,800–60,000 area. If this defense line is lost and 59,875 is effectively broken, the downside space may further open to the 59,200 line; conversely, if volume-driven recovery above 60,500 holds steady, it could trigger a short-term short-covering rally, pushing the price to test 61,000. Current volatility is at the tail end of contraction, and the turning point window is approaching. It is recommended that investors wait for direction confirmation after liquidity flows into the US session, trade with the trend, and strictly control leverage risk.

Trading suggestion: Short at 60,500–61,000, target 58,500–59,000.$BTC $GT $ETH