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June 29 $BTC Market Analysis: After BTC failed to break through the 61000 resistance mentioned on Friday, a bottom pattern on the hourly chart began to form yesterday around the trend line drawn by the section chief at the support area of 591-593.
Since the trend line provides support, the next step is to see if the resistance at 61000 can show a solid breakout again.
Only then can the daily close be above 61000, allowing for continued bullish views; otherwise, the daily chart has not yet formed a bottom.
Therefore, one should not blindly and optimistically buy the dip.
For lower timeframe trading ideas: during the day, still look for rebounds around the hourly support/resistance level near 596 and near the trend line; in the evening to night, decide whether to short around 62200-62400 based on the breakout situation at 61000.
You can grasp this rhythm!