June 24th Bitcoin and Altcoin Market Operation Suggestions:


From the four-hour timeframe, the overall trend remains in a weak downward channel, and the bearish trend structure remains very intact. Although there have been small rebounds, the strength is clearly insufficient, and it cannot break through the resistance above, which is a typical weak rebound pattern. As long as the strong resistance level at 63,000 is not effectively reclaimed, the overall downward trend will not change. Looking at the one-hour timeframe, the Bollinger Bands are generally opening downward, with very strong resistance above, and the bulls' momentum is very weak. After touching the intraday low, the price only maintains narrow range oscillations and shows no signs of stabilization or reversal. This narrow oscillation is essentially preparing for a new round of continued pullback, and the bears could re-engage at any time, further expanding the downward space.
Operation suggestions:
Around 63,000 for Bitcoin, target near 62,000, and if broken, look further down.
Around 1,680 for Altcoin, $BTC target near 1,620.
BTC-2.21%
ETH-3.26%
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