Market Review
At the end of the monthly line, Bitcoin price performance is still weak and lacks upward momentum.
technical analysis
Daily chart
Multiple Yin-Yang changes: price movements fluctuate, and the upper resistance moves down to around 61,300.
Key support: The 60,000 integer mark has become the consensus support.
![](https://public.bnbstatic.com/image/pgc/202406/7b78d071d452b28541ee2c2ad6f09730.png)
Four-hour chart
Bollinger Bands: The price remains in a descending channel.
Key resistance: focus around 61200.
Key support: focus on the 59,800 line.
MACD indicator: Long and short volumes have changed, but short positions have not yet increased in volume.
![](https://public.bnbstatic.com/image/pgc/202406/c27c88ea7d6e3392a7870786f02847ab.png)
One-hour chart
Short-term rebound: The price rebounded at the integer level and is currently quoted at 60,600.
MACD indicator: short selling volume begins to shrink. If it breaks through 61,000, the price is expected to test the suppression strength of 61,800.
![](https://public.bnbstatic.com/image/pgc/202406/b79577e3491c361faca3f233c9ab7620.png)
Recommendations
Robust Strategy
Short on rebound: Place short orders in the 61200-61800 range, target 60000, and set stop loss at 62000.
Aggressive Strategy
Short-term operation: If the price rebounds to 61,000 and does not break through, consider short-term short selling, with the target at 59,800 and the stop loss at 61,500.
Summarize
Bitcoin is still in a downward channel in the short term. Investors are advised to arrange short orders at key resistance levels to ensure the robustness and effectiveness of trading strategies. Conservative investors can arrange short orders in the high resistance range, while aggressive investors can pay attention to short-term rebound opportunities and flexibly adjust their operating strategies.