On June 27, 2026, Bitcoin (BTC) is weakly consolidating around the key psychological level of $60,000 after a significant decline. The bearish trend on the daily chart remains unchanged, with a large-scale options expiration today and market sentiment in extreme fear. Based on the current long-short interplay, the following approach can be considered:

Core Trading Range

· Upper Resistance (Short Reference Area): First resistance at $60,500–$61,000, strong resistance at $61,800–$62,000 (near the 200-week moving average).
· Lower Support (Key Defense Area): Intraday support at $59,000–$59,500, strong support at $58,000 (recent low), and lifeline at $57,000.

Specific Strategy

· Shorting with the Trend (Main Theme): If the price rebounds to around $60,500–$61,000 and faces resistance, consider a small short position with a strict stop-loss above $61,800. The current trend is downward, and put options dominate today.
· Short-term Long on Oversold (Extreme Caution Required): The fundamentals (hawkish macro, ETF outflows) and technicals (bearish moving average alignment) do not support a reversal. If the price drops sharply to around $58,000 and shows clear stabilization, you may attempt an extremely small long position for a rebound, targeting around $59,500 and then exiting, with a strict stop-loss below $57,500.
· Key Defense: If the price breaks below $58,000 effectively, it may open downside room to the $54,000–$56,000 range. At that point, decisively close all long positions and follow the trend.

Important Reminders

· Macro and Supply: The hawkish expectations of the Fed (possibility of rate hikes) continue to suppress risk assets; the ongoing selling pressure from the remaining 34.5k BTC of Mt. Gox is a long-term bearish factor suppressing rebounds.
· Options and Volatility: About $10.6 billion in options expire today, with 80% of call options already out of the money. Intraday volatility may be extremely high, so strictly control positions and leverage.

The above analysis is based on current market information and does not constitute investment advice. Be sure to use stop-losses in all operations and avoid heavy position gambling.