Market news is overwhelming, and bearish factors have a slight edge!

In the early morning, gold directly broke below the 4000 mark. Although Bitcoin moved in tandem with the decline, it never broke below the 59k mark.

Now, as gold is strongly rebounding and rallying, Bitcoin remains almost motionless, still under pressure overall.

The upper side has been repeatedly tested at the 60.8k area and then pulled back, while the lower side has also been tested multiple times at 59k without breaking. In the short term, it has entered a weak consolidation cycle.

This is fine too. Using sideways movement instead of a decline (or rise) is just to brew a larger market move in July, but Ying Jie continues to maintain a bearish outlook unchanged$BTC