June 26

Big Cake (Morning)
Daily: Consecutive large-bodied bearish candles with heavy volume show a drop. The price has completely fallen below the 5/10/20/60-day moving averages. The moving averages are diverging and trending downward; all short-term moving averages have turned into strong resistance. The Bollinger Bands open significantly downward; the price is running close to the lower band, and the downtrend remains solid. The MACD is operating with a dead cross below the zero axis. Although the bearish green bars have slightly contracted, there is no bottom golden-cross reversal signal. The RSI has entered the oversold zone; it only triggers short-term weak corrective movement and cannot reverse the large-cycle bearish outlook.
Strategy: Big Cake short 60500-61400, defense 62100, target 59000-58000
Small Cake short 1610-1650, defense 1680, target 1530-1500
Disclaimer: Investing involves risk; exercise caution when entering the market #BTC下探60000美元关键关口 $BTC $ETH