Bitcoin fell by about 20 per cent in June, fell by $60 million at a time, making it the worst monthly performance since June 2022. According to external sources, if only a drop was enough to trigger vigilance, the signal from the moon map would be even more emptier.
There's no sign of a rebound on the June line.
According to the article, the lunar line displays a long shadow line nearing no upper and lower lines, which means that prices are basically low from the beginning to the end of the month, with a lack of a decent rebound. This pattern, as defined in line K, reflects the relationship between the opening, closing, upper and lower points within the month, while the shorter the video lines, the weaker the multiple-space saws.
According to external sources, the most noteworthy place on the moon line was not just the drop itself, but the pressure of sale almost throughout the month. By 30 June, bitcoin had been collected in the vicinity of the month, showing that the empty head had always taken the initiative during the month.
The whole month.
Often, even in months of decline, there is a phased backlash in the market, and K-lines tend to leave more visible shadows. This time, however, the moon line was virtually non-observed, suggesting that prices had not recovered sufficiently to change the trend.
The article classifies this form as the "skinned-foot" K line, commonly known as Marubozu. It is characterized by the long size of the entity, the extremely short or near absence of the upper and lower lines, often seen as a manifestation of the superiority of unilateral forces. This situation is relatively rare on the moon cycle and is therefore more easily interpreted by the market as an oscillating signal.
The market continues to focus on the lower zone.
It was mentioned that this figure is consistent with the judgement of some recent analysts that bitcoin may continue to be explored, potentially at the bottom of the stage or falling between $48,000 and $55,000.
At the time of the submission, Bitcoin was estimated at $58,600. According to the article, many of the short-term rehabilitation pressures were still high after the June round of unilateral downfalls.