25/6 Navigator Market Analysis 📊 Latest Bitcoin Trend Analysis
Bitcoin (BTC)
Recent Trends
Yesterday, Bitcoin fell directly to 58,500, hitting the key point mentioned above. If 61,500 cannot be maintained, 58,500 will become the key support level. Current analysis
Market conditions: 374 million long positions were liquidated in one day, and the market share of Bitcoin has dropped significantly. Key support level: 58,500 (if it is lost, look at 54,500) Key resistance level: 61,500 Altcoin trend analysis Many Altcoin have begun to turn green candle at the close today, showing the potential for a rebound. If Bitcoin can hold 58,500, Altcoin may usher in a wave of rebound. If Bitcoin loses 58,500, it is necessary to pay attention to the 54,500 support level. Daily level analysis RSI: Bitcoin's daily level RSI is severely oversold, indicating that the market may be oversold. EMA200: The 200-day moving average is also gradually rising, and it is not advisable to panic too much at the current price. Neckline position: Unless Bitcoin completely falls below the neckline position of 56,500, it is not recommended to cut losses at this position. Market rhythm changes Traditionally, the Altcoin season usually occurs when Bitcoin goes sideways after rising. At present, it is necessary to pay attention to possible rhythm changes: Bitcoin falls and goes sideways, while Altcoin rise. Conclusion and suggestions Bitcoin
Current strategy: Pay attention to the performance of the 58500 support level. If it fails, pay attention to the 54500 support level. Panic selling is not appropriate at the moment. Subsequent observation: Bitcoin's daily RSI is severely oversold, which may indicate a rebound.
Rebound potential: If Bitcoin holds above 58,500, Altcoin are expected to rebound. Rhythm changes: Pay attention to market rhythm changes. Altcoin may rise when Bitcoin falls and moves sideways.
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