Crypto Circle Academician: Is the trend of Bitcoin (BTC) reversing or just a short-term correction on June 24? Latest market analysis

　　The current price of Bitcoin is 62,600, with the daily K-line currently closing at 62,500. The price has fallen below the EMA15/30 moving average and is in a short-term downward trend. The MACD indicator's DIF is approaching the DEA, with downward momentum still being released. The Bollinger Bands are opening downward, and the price is operating near the lower band. Short-term support looks towards the previous low of 59,080, while strong resistance is at the mid-band pressure of 66,370. The Fibonacci 100% extension level of 59,080 is the key defense line for this drop; if it breaks down, lower ranges will be targeted, and short-term rebounds will not change the downward structure.

　　The four-hour K-line has once again broken below the multiple support of the EMA15/30/60 moving averages, with the moving averages arranged downward, imposing significant pressure. The MACD continues to expand, with the DIF and DEA forming a death cross and diverging downward, leading to dominant downward momentum. The Bollinger Bands are contracting, and after touching the lower band at 62,447, the price rebounded slightly, but the strength was weak. The Fibonacci 23.6% retracement level of 64,684 is the first resistance above; if the rebound cannot break this level, there’s a high probability of continued downward trend, with support at the previous low of 59,080. The current phase is a weak oscillation downward.

　　Short-term reference: The market is never 100%, so always set stop losses. Safety first; small losses and large gains are the goal.

　　If the price does not break below 61,500 to 61,000, it can move upward, with a stop loss at 60,500 and a target of 62,500 to 63,500.

　　If the price does not break below 64,000 to 64,500, it can move downward, with a stop loss at 65,000 and a target of 63,500 to 62,500.

　　Specific operations should be based on real-time market data. For more information, you can consult the author. The article publication may have a delay; it is recommended for reference only, and the risk is to be borne by oneself.

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