Based on Dow Theory, Chan Theory, Wave Theory, Volume-Price Relationship, Order Flow, and Price Action Analysis of BTC Short-term Trends (Strategy Recommendations)
$BTC Comprehensive Judgment
Dow Theory indicates that the main trend remains downward but signals that the downward momentum is significantly weakening; the short-term trend is oscillating upward, with key levels at 64,500 (upside) and 62,500 (downside).
Chan Theory shows that the upward strokes are extremely strong (+3,106 and +1,581) and the downward strokes are clearly weakening (-1,074), currently in a high-level oscillation phase following an upward extension.
Wave Theory confirms that the five-wave decline has completed, and the ABC rebound Wave C is unfolding (+3,613), with Wave C target at 65,000–67,000.
Volume-Price Relationship shows a massive surge on June 12 with high volume combined with a +15:15 "Shooting Star" warning signal.
Order Flow indicates POC at 63,452; the price has returned near POC, with bulls and bears tending toward balance. Delta MA12 is positive, but the large negative Delta at 15:15 warrants caution.
Price Action shows a "Hammer" + "Bullish Engulfing" + "Shooting Star" triple pattern, indicating a short-term bullish bias but heavy resistance at 64,500.
Short-term Strategy Recommendations:
Bullish Scenario: If the price shows decreasing volume and stops falling near 62,500–63,000 + bottom pattern + Delta turns positive, consider going long, targeting 64,000 → 65,000, with a stop loss at 61,800.
Bearish Scenario: If the rebound reaches near 64,500–65,000 with a top pattern accompanied by increased volume and decline, confirming Wave C rebound failure + the start of a downward wave, consider shorting, targeting 62,500 → 61,000, with a stop loss at 65,200.
Current State: At 63,490, in a high-level oscillation after a surge, with a short-term bullish bias but caution at 64,500 resistance. It is recommended to wait for a pullback to 62,500–63,000 to confirm support before considering long positions, or wait for a break above 64,500 to confirm trend reversal before chasing the rally.