6.24 Latest Bitcoin Analysis

Observing the 4-hour Bollinger Bands opening downward, the overall bearish trend remains unchanged; the current movement is just a weak recovery after the decline. The 1-hour Bollinger Bands are contracting sideways, with rebound momentum gradually weakening. The 15-minute short-term rally faces resistance, with weak bullish strength, limited upside space, and once the rebound is complete, it remains bearish following the trend.
Support Below
Intraday weak support: 60000 psychological round number, with weak support strength, easily broken if bearish volume expands.
Intraday strong support: 58000 (today's low life line). Losing this directly opens downside space, with a mid-term target of 54000.
Resistance Above
Short-term first resistance: 60600-60730 (intraday high + 1-hour Bollinger upper band, key shorting zone for afternoon rebound).
Short-term resistance: 63000, the second selling pressure zone for the rebound.
Mid-term bull-bear divide: 68200 (50-day moving average). Only a daily close above this level can completely reverse the long-term bearish trend.
Ultimate strong resistance: 78198 (200-day moving average, signal for bull market reversal).
Trading Suggestions
Enter short positions in the 60600-60730 range, with a stop loss above 61000, first target 60000, and if broken, targets 58388 and 58000.
If price stabilizes near 58000, take a small position for a short-term bounce, with a stop loss below 57600, targeting 60000-60600.
If price directly breaks below the 58000 life line, the bearish trend continues, and you can follow the trend to short with a mid-term target of 54000. Only when the daily candle closes above 68200 can you adjust the shorting strategy.#BTC下探60000美元关键关口