On June 25th, EMC Labs, a crypto-asset investment and research institution, posted on social media that BTC fell sharply to $58,400 yesterday, approaching the low point of adjustment in early May, but did not fall below it. It re-tested the lower edge of the new high adjustment box and tested the upward trend line formed since October last year. In addition, the effective amplification of trading volume reflects that there is a large amount of money in the range of $58,000 to $60,000 to undertake the selling. According to the eMerge engine, short-term traders as a whole have entered a state of floating losses, and yesterday sold 28,000 BTC at a loss, achieving a loss of hundreds of millions of dollars. At present, the market fear and greed index has fallen to 30 and entered the "fear" range. Based on technical indicators, support levels, and market conditions, EMC Labs determined that the medium-term adjustment of BTC has ended, and the market will rebound at $58,400. Under the extreme panic situation yesterday, 9% of the top 500 currencies have started to rebound. The market outlook can focus on the trend of these items.