Bitcoin Market Trend Analysis 20250627

The daily line shows a small bearish candle in the shape of a doji, with trading volume being a little more than half of the previous day's volume, indicating a high-level contraction and oscillation trend.

The daily MA30 line has turned from a downward trend to a flat trend, and the MACD is showing an increasing bullish momentum near the zero line, but currently, the upward momentum is not very strong.

The price closed above the daily MA30 line, and it has been closing above for the second consecutive day. If it can remain stable for three days, there will be a chance to continue moving upward. If it retraces to the daily MA30 line without breaking it, then it can be considered a preliminary stabilization. We need to wait for the MA30 line to turn upwards to determine that the daily level trend has reversed from a downward trend to an upward trend.

Therefore, at this position, the contraction oscillation allows for movement both up and down; it’s best to watch and wait for the market trend to clarify. If things move quickly, a direction will be chosen within two to three days.

Personally, I still lean towards a rebound rather than a reversal; it is not yet the time for reversal, so the price will likely continue to decline, breaking below the daily MA30 line to search for support at lower levels.

Daily level resistance is at 110300-120000, and support is at 103480-100400-97850-95930-94000.