June 26 Big Cake (Morning) Daily: Consecutive large-bodied bearish candles with heavy volume show a drop. The price has completely fallen below the 5/10/20/60-day moving averages. The moving averages are diverging and trending downward; all short-term moving averages have turned into strong resistance. The Bollinger Bands open significantly downward; the price is running close to the lower band, and the downtrend remains solid. The MACD is operating with a dead cross below the zero axis. Although the bearish green bars have slightly contracted, there is no bottom golden-cross reversal signal. The RSI has entered the oversold zone; it only triggers short-term weak corrective movement and cannot reverse the large-cycle bearish outlook. Strategy: Big Cake short 60500-61400, defense 62100, target 59000-58000 Small Cake short 1610-1650, defense 1680, target 1530-1500 Disclaimer: Investing involves risk; exercise caution when entering the market #BTC下探60000美元关键关口 $BTC $ETH

6.25 Li Jingyue BTC Morning Thoughts Overnight macro bearish expectations continued to permeate the market. BTC began a volume-driven bearish sell-off since early yesterday, with a unilateral decline of nearly 5,000 points. The price dropped to 58,030, refreshing short-term lows. The bearish main trend is confirmed. At this point, buying the dip against the trend is equivalent to actively absorbing selling pressure and has no value. Jingyue analyzes the chart from the 1-hour cycle. Currently, the overall structure is still a step-down pattern. Short-term moving averages form a continuous resistance band. The MACD indicator's green bars continue to increase in volume. The volume structure shows a characteristic of increasing on declines and shrinking on rises. Each rebound is a technical repair within the downtrend continuation, with no signs of a bottom reversal structure. The strong resistance zone for the morning rebound is locked at 60,800-61,200. This area was a key support platform that broke down with volume, and after support failed, it completed a bull-bear reversal. It is the core short-selling layout zone for the day. When the price reaches the 60,800-61,200 range and stalls with pressure, you can enter short positions. The first target is 58,500, and if it breaks, look toward 56,000! Currently, the buying volume continues to weaken, and the characteristics of rebound resistance are very clear. Do not harbor any illusion of a reversal. Operate in line with the longer-term bearish trend to fully capture the benefits of this wave of decline. #BTC下探60000美元关键关口 $ETH $BTC

Bitcoin's weekly chart continues to close with large bearish candles, engulfing the previous consolidation range. The long lower wick only indicates short-term bottom-fishing funds stepping in, but no signal of a trend reversal has emerged yet. The Bollinger Bands continue to open downward, with the price trading near the lower band, in the oversold zone. Currently, the lower band at 58,000 forms the ultimate defense level for bulls. Once the price decisively breaks below, the downward space will directly open to around 56,000. On the hourly chart, small alternating bullish and bearish candles appear continuously, forming a golden cross below the zero line, with red bars slightly expanding. Currently, short-term bulls have a slight advantage, but we should view this only as momentum recovery after overselling, lacking sustained offensive strength for bulls. Therefore, there is no need to catch bounces now, as the risk-reward ratio is unfavorable. Continue to short on rallies. Early morning: Short Bitcoin at 60,200-60,700, target around 59,000. Early morning: Short Ethereum at 1,590-1,620, target around 1,500. #BTC下探60000美元关键关口 $BTC ‌$ETH ‌