6.29

BTC around 59300-59400 lightly try long, stop loss 58800, target 59800/60200;
Above, wait for reverse short opportunity in the 60200-60500 range, stop loss 61000, target 59500/58800.

The market bounced back from the low of 58888 to 59311, and the 4-hour chart closed with a lower shadow, indicating that there are indeed people buying in the 58800-59000 area. However, this rebound is still low volume, suggesting that longs are only testing the water and not truly committing.

The moving average system is currently suppressing the price tightly — MA at 59876, AVL at 59288, the price is sandwiched in between, with constraints on both sides. Intraday, first look at how the 59000-59800 range moves; only a breakout above 59800 with volume can provide a chance to test 60200.

On the news front, Nasdaq opened slightly higher today, with risk appetite slightly recovered, but the impact on crypto market sentiment is limited, and funds remain cautious. For intraday operations, short-term longs can try with light positions, reduce positions and exit when reaching the 59800-60200 area. For reversing to short, wait for signals at resistance levels; don't rush to pick the top.

At this stage, direction is more important than price level, and rhythm is more important than direction. If you don't understand, wait; if you understand, then act. $BTC ‌#BTC下探60000美元关键关口