BTC has been oscillating in the 59k-61000 range for 5 consecutive days. Before the Thursday non-farm payroll data release, the market lacks a core catalyst, making it difficult to form a clear unilateral trend in the short term.

On the 4-hour chart, four consecutive long lower shadow candlesticks have formed, indicating sufficient buying support below. The expectation for July is more bullish, leaning towards a squeeze and upward push.

Large amounts of pending order liquidity have accumulated at both the upper and lower bounds of the current range. Beware of a washout that triggers both long and short liquidations:

The price may first drop to around 57700 to sweep out stop losses below, then reverse and squeeze shorts.

Long at 59K, add more longs at 58K, protect against 57.5K; short lightly at 60.8K and 62.2K while watching the chart, short-term scalping.

For reference only, not investment advice$BTC