Market Analysis for Thursday Afternoon, July 2

BTC saw bulls push up in the morning, spiking to 61322 before quickly facing resistance and pulling back. 61322 is near the high of the previous large bearish candle, where a large amount of trapped selling pressure has accumulated. The K-line encountered obvious resistance upon touching this level and failed to sustain the upward momentum. It is currently still constrained within the range of that previous large bearish candle. Only by breaking and holding above 61322 with volume can a major cycle-level official rebound begin, thereby opening up sustained rebound space.
BTC has re-established support at 60500 and is once again challenging the previous high of 61322. This level around 61322 is the mid-term bull-bear demarcation line. Before a breakout, upside potential remains limited. If the push fails to break through effectively, one can short.
The short-term support below is 59500. If a pullback to this level holds the support, the short-term rebound structure remains intact. At the same time, note that the starting low of this rally at 57758 has only completed one bottom test. For the market to develop sustained significant gains, a second pullback to 57758 is needed to form a double-bottom structure. A single rebound without a second confirmation has weak sustainability and is prone to another decline after a spike.
The short position placed in the real market is currently slightly trapped. Consider adding one more position near 61322. The market is volatile, so operations can be flexibly arranged based on key levels:
If the pullback to around 59500 stabilizes with support, you can lightly test a long position, targeting 60500 → 61322
When the rebound approaches the resistance zone of 61100-61322 and faces pressure, enter short positions in batches, targeting 60000 → 59500
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