Tag crypto market

Bitcoin sits at $61,744 after testing a weekly low of $57,755. The bounce has reached extreme overbought levels (4H Stoch RSI at 96, 6H at 98, 12H at 100), but the 12H MA1 at 63,000 acts as a hard ceiling. The monthly chart reveals the truth: bear cycle has just begun, not ended. With monthly RSI at 42 but its MA still at 55, price cannot sustainably break above 60K until that MA bounces back to high 50's. Will BTC hover at 55K as the monthly bear cycle extends, or will 50K become the next target? #Bitcoin #CryptoAnalysis #BTC #TechnicalAnalysis #CryptoTrading #BearMarket

Bitcoin (BTCUSDT.P) trades at $60,141.7 on July 1, 2026, after a relief bounce from the weekly low of $57,755.8 reached the 4H MA1 resistance zone at $60,236. The 2H Stoch RSI shows extreme overbought conditions at K=100/89.34, signaling imminent exhaustion. Daily ADX at 38.11 with -DI dominance confirms the strong bear trend, while weekly indicators reflect maximum bearish conviction (RL-13). Strategy: short bounces into the $60,200-$60,900 zone, stops above $61,700, targets $58,500, the weekly low at $57,755, and ultimately the $54,000-$56,000 macro zone if support breaks. All bounces remain counter-trend reactions.

#BTCUSDT #BitcoinAnalysis #BearishTrend #TradingSignals #BTCForecast #CryptoMarket