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6.29 BTC Afternoon View
After surging higher in the afternoon, BTC gradually slowed its upward pace. The breakout could not be sustained in a strong manner, and short-term signals point to pressure followed by a pullback. The overall trend still favors the bulls, but the upward momentum has clearly weakened. Chasing the move directly carries significant risk, so it is not recommended to enter impulsively.
Right now, the market is in the middle of the range, where longs and shorts are caught in a tug-of-war—positions on either side can easily end up passive. Instead of exiting or acting hastily, it’s better to wait patiently until the market provides a clear signal.
Pullback: 60400-61400, target 59900, second target 58000
Second BTC: 1600-1700, target 1480, second target 1350
#btc