The Bitcoin market analysis on Friday afternoon, June 28 is as follows:

In the morning, we have predicted that the market will experience a rebound and then fall back, and the market performance is in line with expectations. The highest point rebounded to $62,250, but failed to stabilize above $62,000. We repeatedly emphasized the important pressure of $62,000, and we are still bearish before we fail to break through this level. Although the price fell back to around $61,200 in the afternoon and stabilized and rebounded, it is a normal callback, and the strength is not expected to be too large. There is still a possibility of a rebound in the market in the future!

From the 4-hour chart, the price closed near the middle track after touching the upper track, and is currently in the box body oscillation range. Once the middle track is broken, it may continue to fall. The KDJ indicator shows a downward cross after the death fork, indicating a bearish trend in the market. The trend chart shows that the price has repeatedly pulled back to below the upper trend line and then rebounded. At the same time, it has touched the lower track five times, indicating that the area is agreed to be $60,600 as a strong support position. This position is suitable for establishing a long position. Combined with the strong pressure of $62,000, this position is suitable for establishing a short position!

Afternoon Bitcoin Strategy: Continue to implement the morning strategy, short in the range of 61400 to 61900 US dollars, and target around 60800 US dollars! (Specific target depends on the actual market situation)

Afternoon Bitcoin Strategy: Long in the range of 60800 to 61200 US dollars, and target around 61800 US dollars! (Specific target depends on the actual market situation)

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