6.28 BTC Evening Analysis

The 1-hour Bollinger Bands are converging, with prices repeatedly under pressure at the midline of 60203, the bull-bear dividing line. Upon rebounding to the upper rail resistance at 60518, prices immediately fall back, indicating a weak rebound and a baiting structure. The upper rail is turning downward, compressing upward space, and channel momentum favors the bears.

Currently, near the spot price of 60300, buying momentum is weak and lackluster, with shrinking volume and a bearish divergence highlighting bullish exhaustion. Latent selling pressure continues to accumulate, and the consolidation is merely a mid-downtrend. If the key support at the lower rail of 59887 is lost, a trend breakdown will be confirmed, further releasing bearish momentum, possibly leading to a test of the previous low around 58082.

Trading suggestion: Short at 60800-61300, target 58800-59300. $GT $ETH