6.29 BTC Evening Analysis

After an hourly pulse spike, it enters volatility convergence-style consolidation. The price is under pressure at the lower edge of the Bollinger upper band. Bullish momentum shifts from an instantaneous pulse to marginal exhaustion. KDJ drops from high levels into a neutral zone. There is no incremental buying to continue the push. This is a relay game after short covering and speculative position liquidation, not a trend reversal.

The intraday long upper shadow leaves a liquidity void zone. The level 60757 above becomes a short-term strong resistance zone. The backdrop of net capital outflows remains unchanged. The current sideways movement is essentially a weak long-short rebalancing. It is likely to follow a mean reversion path toward the Bollinger middle band at 59749. In the evening, be wary of a rapid decline triggered by concentrated floating chip release. Do not bet on a secondary impulsive rally. Prioritize a range defense perspective to deal with chaotic sweeping.

Risk warning: Technical review only, not investment advice.

Operation suggestion: Short 60500-61000, target 69500-69000.

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