6.27 Morning BTC/ETH Market 🍜 ShiYuan's View


After the crash, lying low for recovery, how to play today?
The early high point of 65597 formed a double-top resistance, followed by consecutive large bearish candles with heavy volume decline, hitting a low of 58030, forming a complete downtrend; at the end of the decline, a rapid bottom-fishing rebound occurred, short-term stabilization and consolidation, now at 60009.
On the 4-hour level, the bearish trend has not reversed; currently, it is only a weak rebound recovery after a major drop. The rebound momentum is weak, with no continuous bullish volume signal for an upward attack, likely maintaining a low-range consolidation.
BTC → Support: 58030, 59500; Resistance: 61000/62000, Strong Resistance: 63000-64000
ETH → Support: 1510, 1560; Resistance: 1610/1640, Strong Resistance: 1680-1720
Trading Suggestions:
BTC
1. Retrace to around 59500, try a small long, stop loss at 58900, target 60800–61200, if broken, target 61400;
2. Bounce to the 61200–61800 range and face resistance, can short, stop loss at 62300, target back to 60000 level, if broken, target 57000.
ETH
1. Retrace to around 1560, go long, stop loss at 1540, target 1600–1650;
2. Bounce to 1620–1640 and face resistance, short, stop loss at 1665, target 1570–1510. $BTC $ETH
BTC3.10%
ETH4.03%
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