Crypto Circle Academician: June 28 Bitcoin (BTC) Bearish Dominance Pattern Unchanged? Latest Market Analysis

Bitcoin current price 60500, the daily K-line remains in a downtrend, with the price below the EMA15/30/60/90/120 moving averages, indicating a clear southward trend. The MACD indicator shows DIF and DEA still below the zero axis. Although the green bars have shortened, no effective golden cross has formed, and the rebound momentum is weak. The Bollinger Bands are opening downward, with the price trading near the lower band. There are no strong breakout signals in the short term. The Fibonacci support level at 100% corresponding to 58030 has been tested. If this level is lost, the downside space will further open up. The upper pressure is concentrated around the 72620 level.

On the 4-hour K-line, a slight rebound occurred after touching the low of 58030. The current price of 60459 remains below the EMA lines of all periods, and the southward alignment of the moving averages has not fundamentally changed. The MACD indicator shows DIF and DEA forming a golden cross below the zero axis, with the red bars continuously expanding. Short-term rebound momentum has recovered somewhat, but it has not yet broken through the 23.6% Fibonacci resistance level at 63882. The middle band of the Bollinger Bands continues to press downward. The current price is clearly suppressed by the middle band. If the rebound fails to break through the middle band and the 63882 resistance, it is likely to continue the downtrend. Short-term support is around 59000.

Short-term reference: There is no 100% certainty in the market, so be sure to set a stop loss. Safety first, small losses and big gains are the goal.

If the area between 59000 and 58500 holds and does not break downward, go long, with stop loss at 58500, target 60000 to 61000.

If the area between 63500 and 64000 holds and does not break upward, go short, with stop loss at 64500, target 62500 to 61500.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article is published with a delay. Suggestions are for reference only. Risk is self-borne. $BTC ‌#美光市值超越Meta跻身全美前十