Bitcoin, Technical Analysis – H4
01.07.2026 10:03
Intraday
Technical
Despite sharp local corrective bounces fueled by buyers defending round-number support levels, the asset continues to exhibit overall weakness and distinctly bearish momentum. Once bears decisively break the $58,000 support, the price is expected to decline toward $57,000, where it may encounter renewed local demand (including from short sellers taking profit).
Key Levels:
□ $57,000
□ $58,000
□ $59,000
Primary Scenario:
Decline to $57,000.
Alternative Scenario:
Consolidation between $58,000 and $59,000.
Analyst Commentary:
Long positions look highly unpromising in the current market environment.