Evening Analysis of Bitcoin Operations on June 25

Bitcoin fell from the high of 1060, showing a clear downtrend. The EMA30 moving average has been pressing down, and the price is operating below the moving average, which is turning downward, confirming the downtrend signal. However, after hitting the bottom, a rebound began, and the price crossed above the EMA30 moving average. The moving average is gradually flattening and turning upward; now the price is above the moving average, which has become short-term support for the bulls. The MACD indicator is also cooperating; during the downtrend, the low green bars were long and persistent, dominated by bears; after the rebound, the green bars shortened and disappeared, while the red bars lengthened, with the MACD line crossing upward, indicating that bullish momentum is strengthening, and there are signs of a trend reversal.

Resistance: The current price is around 1051. Looking upward, there are selling pressures at previous levels of 1060 and 1089. If it attempts to rise, it may easily encounter resistance from bears.

Support: The recent bottom of 9818 is a key defense level for the bulls; in the short term, the corresponding level of EMA30 at 1034 is the trend support. When the price falls back, it can also find support between 1030 and 1040. If it cannot hold, the rebound momentum may weaken.

Long Position: If the price can stabilize above 1051, the first resistance to watch is at 1060. If it retraces, consider entering a long position near 1034, relying on the moving average support to bet on a rebound.

Short Position: If the price breaks below 1051 and cannot hold 1034, look down at support levels around 1015. When the rebound lacks strength, you can plan to open short positions; additionally, if it rebounds to around 1060 and meets resistance, you can also try to short, capturing the pullback at the resistance level.