6.26 Afternoon Market View

Yesterday, the market hit a new low of 58059 before starting a repair rebound. It surged to 59300 then fell into narrow consolidation, currently oscillating around 59300.

The long-term bearish pattern remains unchanged. This rebound is merely a technical adjustment after the sharp decline. Short-term moving averages are firmly suppressing upward movement. The 60500-61000 range above is a strong resistance zone. The rebound strength is weakening, and bulls have no follow-through.
The short-term key support holds at the 58000 level. Once this support is broken, the bearish trend will resume, continuing to make new lows for the stage.

Trading Strategy

When the price rebounds to the 60500-61000 resistance zone, go short with light positions in the direction of the trend, leaving room for adding positions. After breaking below the previous low of 58000, continue to target 56300, with the ultimate short-term target at 55000.
In a weak market, blindly bottom-fishing is strictly prohibited. Operate with light positions throughout and strictly manage risk control. $BTC #美光市值超越Meta跻身全美前十 $ETH