Before 6.8, it was mentioned several times that the weekly line had been horizontal for 13 weeks, and at most 3 weeks to set the overall direction. Time passes quickly, and tomorrow is the last day of the 16th week, so starting from 7.1, it will gradually set the overall direction and end the continuous 3 and a half months of volatility. At that time, the price of btc was above 66000, so the bullish trend was more obvious. Now the price has fallen below the bear-bull line. As long as the price does not rise above 64200, the bearish view remains unchanged. 60000 is the 0.618 position. Going up to 76000, going down to 52000. Up or down? It is said that July, as the beginning of the third quarter, should generally rebound first. But there are currently no clear bullish signals. It can be confirmed that the current overall trend is still bearish. Contracts can only be long or short with the mindset of a single swing trading, focusing on high selling and low buying around 60200-62400, until the position is broken.

Spot: btc remains unchanged above 60,000. Below 60,000, add 5% to the position for every 1200 points of decline, altcoins are optional. I mentioned before 6.8 that the weekly chart had been sideways for 13 weeks, with a maximum of 3 weeks to determine the major direction. Time passes quickly, and tomorrow is the last day of the 16th week, so the major direction will gradually emerge from 7.1, ending the 3.5-month period of volatility. At that time, the price of btc was above 66,000, so the bullish trend was quite obvious. Now the price has fallen below the bear-bull line, and as long as the price does not rise above 64,200, the bearish view remains unchanged. 60,000 is the 0.618 position. Upwards, it moves towards 76,000, and downwards, it moves towards 52,000. Is it up or down? It is said that when July comes, there should generally be a rebound as the beginning of the third quarter. However, there are currently no clear bullish signals. It can be confirmed that the current major trend is still bearish. Contract trading can only be long or short in individual small swing trading strategies, focusing on selling high and buying low around 60,200-62,400 until the position is broken.
Spot: btc above 60,000 will remain unchanged. For every 1,200 point drop below 60,000, increase the position by 5%, altcoins as desired.