6.30 Afternoon Big Cake Chart Reference



The chart continues to hit new lows, but the accompanying indicators have not simultaneously reached new lows, forming a bottom divergence structure, indicating short-term technical repair needs.

Current indicators are still in a weak range, with sufficient inertia in the large-level downward trend. This round of repair is only a short-term rebound during the decline and is not yet considered a trend reversal signal.

The bullish momentum release is insufficient, and there is strong resistance at the middle track of the upper band, making it difficult to sustain a continuous upward rally in the short term.

Short-term reference range: 60350-61200 range, high-altitude strategy
First target 59300, then look towards 58800
If 58800 support is lost, the downside space can be seen at 58000
If the chart holds the support without breaking, small positions can be gradually added for long positions #BTC
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GateUser-a365d15f
· 6h ago
Indicators are weak + insufficient volume, this rebound may be a flash in the pan, wait for confirmation of a stable foothold above 61200 before considering long positions.
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TheProphetOfToast
· 7h ago
The bottom divergence is indeed interesting, but the bearish inertia on the larger timeframe is too strong. Let's wait and see for now, and don't easily buy the dip.
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Coconut-FlavoredGasFee
· 7h ago
High altitude thinking is clear, but if the support at 58800 really breaks, 58000 probably won't hold, so I'm preparing to reduce positions.
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