【63500 lost, bears reclaiming the market! 54000-58800 might be the ultimate accumulation zone】

🚨 82000 peak exit → 62000 accumulation → locking in profits near 68000 again!

In this round of trading, our core strategy has been fully realized. In May, we led the community to exit at over 82000 USD, then waited for the market to tank; when BTC dipped to around 62000, we started gradually stacking spot; after rebounding to the resistance zone near 68000, we advised reducing positions to secure profits.

All insights and actions are documented in posts for reference.

The market is showing new changes again.

After Bitcoin fell below the 63500 support, it continued to drop until it found stability at 62272 and started to bounce back.

Breaking below our previously estimated key support level has altered the market structure.

First, let's look at why 63500 is crucial.

This level is where the lower trendline of the ascending channel since the rebound from 59130 is located; breaking below here means the current rebound structure has been compromised, possibly signaling an end.

Current situation:

📉 Daily chart has effectively broken the trendline;

📉 We are in the process of a retest to confirm the breakdown;

📉 Bears have regained control【Chart 1】

From a technical standpoint, the higher probability is that after the rebound ends, we will continue to explore lower levels.

Upper resistance is first focused around 64100.

This area also overlaps with:

🔺 Upper resistance of a small range;

🔺 Trendline resistance from the breakdown;

This constitutes a quite evident pressure zone.

Of course, there’s a variable in the market, which is the recent progress in US-Iran talks.

If an agreement can be smoothly reached within two days and normal passage through the Strait of Hormuz is restored, then under this news stimulus, Bitcoin may see a rapid spike, testing around 65200 before weakening again.

Lower support remains focused around 60800.

However, the area that deserves more attention is:

🎯 57700—58800 range

This is not only an important historical support zone but also a convergence of several medium to long-term trendlines, expected to show significant resistance【Chart 2】

If the market reaches this level, we will combine trading volume, market sentiment, and high-level indicators to comprehensively assess whether to add positions

#比特币连跌4日STRC跌破面值 $BTC #BTC走势分析 $ETH