Master's Trend Analysis:

BTC 1-hour chart:

The Bitcoin chart consolidated sideways over the weekend and broke below the downtrend line. If it continues to consolidate sideways and breaks below the downtrend line again, it will be difficult to judge the trend reversal, and attention should be paid to the potential downside to threaten the low point.

Currently, 60.6K can be set as a short-term important support, and position management can be based on this line.

Resistance Reference:

First Resistance: 61300

Second Resistance: 62000

If the first resistance is broken tonight, Master believes that the trend will reverse and can maintain a bullish view.

Due to insufficient trading volume at present, it is recommended to observe the changes in trading volume on Sunday night and operate based on volatility.

Master regards 61K as a psychological resistance and breaking through 61K is the first target for an uptrend.

Support Reference:

First Support: 60600

Second Support: 59300

By holding the first support, a short-term rebound view can be maintained, and the first support is a range with a good risk-reward ratio.

If the first support is temporarily broken, measures can be taken at the lower rising trend line.

Today's Trading Suggestions:

In today's trading, a bullish view can be maintained if 60.6K is held, and position management can be carried out.

In the analysis of the article charts in the past few days, Master has mentioned the range of 60.6K and 61.3K multiple times. Since Bitcoin has been consolidating within this range and exhibiting a box trend with ups and downs, once a direction is broken, the trend can be clearly identified.

Please refer to these suggestions when trading

Master Chen's Short-term Pre-set Orders on 6.30:

Long Entry Reference: 58900-59300 range, gradually enter long positions, defend 500 points, target 60600-61300

Short Entry Reference: 62000-62400 range, gradually enter short positions, defend 500 points, target 61300-60600

This article is exclusively planned and published by Master Chen (WeChat Official Account: 币神师爷陈). If you need to understand more real-time investment strategies, how to get out of a predicament, spot contract trading techniques, operational skills, and candlestick knowledge, you can add Master Chen for learning and communication. I hope to help you find what you want in the currency circle. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily updates on macro analysis articles across the web, technical indicator analysis of mainstream coins and altcoins, and spot mid-to-long-term replay price prediction videos.

Friendly reminder: Only the official WeChat account (shown in the image above) is written by Master Chen. The end of the article and other advertisements in the comments section are unrelated to the author. Please discern carefully between true and false. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。