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6.29 BTC Analysis
After breaking below 60000, BTC price saw a technical rebound, but is currently constrained by the MA30 moving average (around 59800) and the descending trend line, still in the rebound phase of a bearish trend. In the short term, there are signs of stabilization in the 59300-59500 area, but selling pressure above is evident, and the medium-term trend has not turned bullish. Today's short-term strategy is to sell into rallies, focusing on performance at key resistance levels.
Entry: 60000-60500 area
Stop Loss: above 60400
Target: First target 59000, second target 58200-58500$BTC