Coin Circle Academician: 6.29 Bitcoin (BTC) Dual-cycle Resonance Reveals the Direction of the Next Market Change? Latest Market Analysis

Bitcoin current price 59500, both bulls and bears are gambling on direction, no one can give you a 100% answer. Those buying the dip fear further decline, those shorting fear a sudden pump. Essentially, they are all led by emotions. Remember, the most useless thing in trading is 'I think', the most reliable is 'I plan': if the resistance level is not broken, don't chase long; if the support level is not stabilized, don't buy the dip. Each trade must have a stop loss. If you lose, admit it; if you profit, take it. Don't hope for a single comeback, and don't hold positions against the market. If you argue with the market, the market will only make you lose more severely. Never use your capital to gamble on uncertain emotions.

The daily K-line is at a key north-south battle position. The price is currently firmly suppressed by moving averages such as EMA15 and EMA30. The Bollinger Bands open downward, with the upper band near 66900 forming strong resistance, and the lower band at 58800 providing short-term support. On the MACD indicator, although DIF and DEA are still below the zero line, the green bars have started to shorten, indicating signs of weakening southward momentum. The overall trend remains in a downward channel. Short-term rebounds tend to be weak recoveries, without clear reversal signals. The key resistance above is near 62600; if it cannot be broken, it is likely to continue weakening.

The 4-hour K-line trend is more inclined to narrow-range oscillating decline, with the price consistently running below the EMA line group, forming a clear downward channel. The Bollinger Bands continue to contract, and the price moves close to the lower band, with short-term fluctuation space compressed within the 59300-60000 range. The MACD indicator shows DIF and DEA forming a golden cross below the zero line, but the red bars have insufficient volume, and the rebound strength is weak. The Fibonacci 0.0% level at 58030 is strong support below, and the 23.6% level at 63880 is the first resistance above. The current price is in a weak consolidation phase, with both bulls and bears waiting for a direction choice. The low trading volume also indicates that a breakout is imminent.

Short-term reference: The market is never 100% certain, so be sure to set a stop loss. Safety first, small loss and big profit is the goal.

Below 58500 to 58000, if not broken, go north (long), stop loss 57500, target 60000 to 61000

Above 60500 to 61000, if not broken, go south (short), stop loss 61500, target 59500 to 58500

Specific operations are based on real-time order book data. For more details, you can consult the author. This article is published with a delay. Suggestions are for reference only, and you bear your own risk. $BTC ‌#美光市值超越Meta跻身全美前十