According to the external media review, bitcoin was blocked this week between $67,000 and $77,000 in resistance, which kept the market cautious about the sustainability of the round's rebound. According to the article, the rebound after the low point at the beginning of June was more like a correction than a trend reversal.
The rebound structure is still weak.
It is mentioned that this round is characterized by a weaker three-part rebound rather than a stronger, continuous top-up structure. Similar patterns emerged earlier this year, after lows in November and February, respectively, and then prices fell again.
According to the commentary, this trend usually means that the buyout is not continuous enough. Despite a rebound in the market, there has not yet been sufficient upward mobility to reverse the trend.
$7.7 million remains critical
According to the article, $77,000 remains the most important viewing position at present. It is difficult for the market to confirm that the stage bottom has been formed before the price is clearly set.
At the same time, Bitcoin had previously collapsed from an area of $63,000 to $64,000. According to the paper, this change does not weaken judgement, but rather suggests that short-line support remains fragile.
- Top key: $77,000
- Near-end support area: $62,000
- Next support area: $55,000 to $56,000
We're looking at $56,000.
According to the article, $62,000 is currently considered an important support area close to the critical position at the time of the March return. If the area fails, the market may then test between $55,000 and $56,000.
According to the external review, it is more likely in the short term that the shock went down than a rapid drop. The overall trend will remain weak if repeated saw-saw fluctuations are only observed in the follow-up, without a stronger and continuous upward signal.