Bitcoin Market Trend Analysis 20250623

The weekly chart shows a slightly longer bearish candlestick with upper and lower shadows. The trading volume is on par with last week, and there is no significant decline in volume. The weekly MA30 line is gradually flattening from an upward trend, and the weekly MACD is showing a weakening upward trend near the zero axis.

The adjustment at the weekly level will continue; currently, it is in a top divergence pattern. A pullback to the weekly MA30 line (95800) will trigger a rebound, but the strength of the rebound will not be significant, and then it will continue to decline for adjustment. The strong support at the weekly level will still be near the weekly EMA52 line (85000), where there will be a relatively strong rebound.