BTC intraday summary on Monday, June 25:

Bitcoin collapsed across the board, approaching the $60,000 mark. The evening Bitcoin articles all suggested that it would rebound to 61,500-62,000 to continue shorting. Bitcoin immediately rebounded to 61,600 and our fans and friends went short. We just took 1,300 points after the decline. The market has not reversed! The market has not reversed! The market has not reversed! The article has reminded many times that the rebound is a short position, there is no room for negotiation, and the bulls are not enough to support the market reversal!

Let's analyze Bitcoin from the weekly line first. The M-top pattern has been initially formed. It was mentioned at the 64,000 line. The market is in a downward trend of the M-top. The rebound is an opportunity for you to go short. If you want to get out of the complete M pattern, pay attention to the support of the MA30 daily moving average at 57,500 below!

From the 4-hour chart, the lower Bollinger band has been broken, and the price of the currency has begun to be suppressed by the downward trend line. It has fallen below the 5-day moving average. The KDJ indicator in the attached figure has fallen below the oversold zone. It will stabilize briefly at present, and a small rebound can be expected. The market will repeatedly attack and defend the 60,000 mark in the evening, but the general trend remains unchanged. The upper support has almost been broken, and there will be no obstacles below. The technical indicators are currently bearish, but they have seriously deviated from the market. There will be a short-term repair and then a rebound here. After the big drop, there will be a short-term shock. Just bet on a rebound in the evening! #Mt.Gox将启动偿还计划