6.30 Early Morning BTC/ETH Market Analysis | Shiyuan's View


Reviewing the overall trend in the early stage, BTC and ETH have been moving downward in a volatile manner from the previous high point, forming consecutive step-like declines. BTC fell from a high of 65597 to a low of 58030, while ETH dropped from 1779 to a low of 1510, fully releasing the bearish momentum.
After the continuous sharp decline, the divergence between bulls and bears has narrowed, and a sideways consolidation and repair have started at the low. The 4-hour level continues to grind narrowly, with bulls slowly accumulating strength. In the early morning, a strong rebound and rally occurred, breaking through the upper edge of the recent range, indicating a short-term recovery in bullish sentiment.
BTC Now → 60172
1. Support range: 59400-59000, strong support 58500
2. Resistance range: 60600-61000, strong resistance 61500
Trading Strategy
1. On a pullback to 59000-59400, go long lightly, stop loss below 58500, target 60600/61000
2. On a rebound to 60600-61000 with resistance, short-term short, stop loss above 61500, target 59500/59000
ETH → Now 1618
1. Support range: 1580-1550, strong support 1510
2. Resistance range: 1640-1660, strong resistance 1700
Trading Strategy
1. On a pullback to 1550-1580, go long at low, stop loss below 1510, target 1640/1660
2. On a surge to 1640-1660 with resistance, short-term short, stop loss above 1700, target 1580/1550
$BTC $ETH
BTC1.69%
ETH3.59%
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