6.26 $BTC Market Analysis: The Bulls’ Judgment Day!



As for Bitcoin’s current market, it has already printed two consecutive bearish candles along the lower band of the daily chart. As long as today, Friday, does not see a two-pole reversal and it continues to close bearish, then with a sideways consolidation over the weekend, the start of next week could very likely trigger a massive “waterfall” drop. So right now, this is the bulls’ Judgment Day.

The section chief’s judgment may not be correct, but in the current market, it is still better to be cautious about catching the bottom. Bitcoin’s short-term resistance is at 61000. If there is a direct two-pole reversal, watch the resistance at 62400; however, currently, the probability of reaching these levels is very small.

So if you want to chase shorts from here, try to wait for a big bearish candle whose real body drops below the previous low, and then open a short at the 1/2 or 1/3 position of that bearish candle.
BTC-2.60%
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KeepCalmAndFightBack
· 2h ago
Just go for it 👊
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