6.25 Afternoon BTC/ETH Market🍜 Shiyuan's View


Oversold Rebound Trading Guide!
Yesterday, both coins experienced a sharp plunge and deep retracement. BTC dropped to a low of 59060 and then rebounded continuously to stand above 61800. ETH simultaneously fell to 1551, bottomed out and recovered to 1656. This round of decline structure is complete. Currently, it is only a short-term rebound repair after overselling. The overall bearish main trend has not reversed.
In the afternoon, the market oscillated upward relying on low-level support, but the bullish momentum gradually weakened. The 4-hour rebound candles are under obvious pressure, with heavy resistance above. If the upward impulse is weak, the market will come under pressure and decline again; if low-level support holds, it will continue to consolidate in a range. Do not blindly chase longs at highs, only go long on pullbacks to bet on a rebound.
BTC → Resistance: 61400, 62500, Support: 60000, 59060
ETH → Resistance: 1628, 1648, Support: 1582, 1551
Trading Suggestions:
BTC
1. Short near 61400 on rebound, stop loss above 62500, target 60000, if broken lower target 59060
2. Light long if 59060 holds, stop loss 58600, target 60800-61400
ETH
1. Short near 1628 on rebound, stop loss above 62500, target 1582, if broken lower target 1551
2. Light long if 1551 holds on pullback, stop loss 1528, target 1612-1628$BTC $ETH
BTC-0.34%
ETH-0.52%
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