6.29 Evening BTC/ETH Analysis 🍜 Shiyuan's View

The daily and 4-hour cycles are still maintaining a low-level consolidation pattern after a high-level pullback. After the previous deep decline, bearish momentum has eased, and the market has entered a repair and consolidation phase. The overall trend is weak, but short-term support has held effectively, and a new round of deep decline has not begun.
The 4-hour candlestick continues to range sideways with a tug-of-war between bulls and bears. The battle is concentrated in the key intraday range. The rebound strength is limited and resistance is clear. Short-term trading mainly involves buying low and selling high within the range. Focus on the breakout direction of the watershed.

BTC→Current 59900
Support: 58500-59000, key watershed 58030
Resistance: 60000-60600, strong resistance 61000

Trading Strategy
1. Retrace to the support zone of 58500-59000, go long with light position, stop loss below 58200, targets see 60000, 60500;
2. Bounce to the resistance zone of 60000-60600, place short orders, stop loss above 61000, targets 59000, 58500, if it effectively breaks below 58030, follow the trend to see a deep decline.

ETH→Current 1574
Support: 1530-1550, stage low watershed 1510
Resistance: 1580-1600, strong resistance 1610

Trading Strategy
1. Retrace to 1530-1550, enter long, stop loss below 1508, targets 1580, 1600;
2. Bounce to 1580-1600, if under pressure, go short, stop loss above 1610, targets 1550, 1530, if it breaks below 1510, the bearish trend continues.
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