6.26 Early Morning Bitcoin Market Analysis

After a spike down to the 58000 area last night, the price quickly recovered to around 60000. However, it failed to hold above 60000 in the early morning hours and ended up trading in the low range of 59000-60000. Ethereum's recent sell-off with volume did not break the previous low in sync with Bitcoin, forming a temporary stabilization around 1530. Allow missing the move, allow small losses, allow brief sideways waiting. Observing the market with a bystander mentality and breaking free from emotional drain is the only way to see the market direction objectively.

In the current 4-hour timeframe for Bitcoin, bulls attempted to counterattack during the session but were suppressed by bears. The price has consistently failed to stand above the key 60000 level. It remains in a downward channel after the breakdown, with highs continuously lowering, and the bearish trend persists. The MACD fast and slow lines show a death cross with no obvious narrowing, and bearish momentum continues to be released. From a positional perspective, 59000 below is the first short-term support. If lost, the next target is still the 58300-58500 area. As for the previous low, it will require volume to break. The resistance above is undoubtedly the 60000 level. Without reclaiming 60000, the bearish structure will not change. For Ethereum, support is at 1540, and resistance is at 1600. The short-term bearish trend remains unchanged, the downtrend channel is intact, and no signs of stabilization or reversal have been observed. #美光市值超越Meta跻身全美前十