June 28, Friday afternoon market analysis of BTC:

This morning we predicted that the Bitcoin market may experience a rebound and then fall back, and the market situation is in line with expectations

The BTC price rebounded to around $62,250, but it still failed to stabilize above $62,000.

We have mentioned many times that $62,000 is an important resistance level. Before breaking through this level, we still hold a cautious rebound bearish attitude.

In the afternoon market, the BTC price fell back to around $61,200 and stabilized and rebounded. This callback is a normal phenomenon and the strength will not be too large. The market is still optimistic about the rebound in the future.

From the 4-hour chart, the BTC price closed near the middle track after touching the upper track and is currently in a box oscillation range.

If the middle track support is broken, it may continue to fall. The KDJ indicator shows a dead cross and crosses downward, and the market trend is bearish.

The overall trend shows that the BTC price has touched the upper trend line many times and then pulled back downward, but it has rebounded every time it touches the lower track.

The $60,600 level is confirmed as a strong support, and you can consider going long at this position.

At the same time, the $62,000 level is a strong pressure, and you can consider going short at this position.

BTC afternoon strategy: Go short in the $61,400 to $61,900 range, with a target of $60,800. (The specific target is subject to actual trading)

BTC afternoon strategy: Go long in the $60,800 to $61,200 range, with a target of $61,800. (The specific target is subject to actual trading) #BTC☀