BTC Market Analysis on July 6, 2026 at 22:01 #BTC

BTC has also met expectations, reaching around 61300, with over 2000 points of profit. You can reduce most of your positions, and the remaining target is around 59500-60000. My suggestion is still to go long when it drops. Currently, the support level for bulls is around 61000. Aggressive traders who want to go long should observe whether this price level can recover after breaking below; if it recovers, you can try to go long. Conservative traders can wait to enter in batches around 59500-60000 and around 58500, with a smaller initial position and add below. Stop loss at the new low, to bet on a decent rebound, with a favorable risk-reward ratio. For those who want to go short, still wait for 64100. After a breakout and a fall back, go short on the right side. Conservative traders should not trade at this level; wait for around 65600-66000 and around 67200-67500 to go short, as these levels are likely to yield profits. Aggressive traders can place limit orders on the left side to enter, and once there is profit, reduce positions to protect the cost. Conservative traders should observe price action on the right side and enter after a breakout and fall back. Remember to set stop losses.