2025.6.23 Bitcoin ($BTC) Market Analysis and Trading Ideas

1. Market Analysis

① Weekly Level: The weekly candlestick closed with a large bearish candle that has upper and lower shadows, indicating strong downward pressure; however, it encountered support below. From the weekly chart shape, there is a continued demand for the market to decline. The MACD is about to form a death cross above the zero line; if it forms a death cross, there is a high probability that the market will experience a significant decline.

② Daily Level: The daily candlestick closed with a long lower shadow bearish candle, indicating strong support below. A slight rebound is needed for adjustment, with attention on the resistance around 102,500. If it cannot effectively hold above this level, it will continue to decline; if it can stabilize effectively, it will continue to rebound. Watch for a possible breakout around 103,500. The MACD fast line has already crossed below the zero line, and there is a high probability that the downward trend will continue.

2. Trading Ideas

① Intraday Short-term: The main strategy remains to short on rallies. You can gradually open short positions in the range of 102,500–103,500–105,000. Strictly implement take-profit and stop-loss.

② Dollar-Cost Averaging Strategy: When the market reaches a suitable point for building positions, order points will be given, just pay close attention.