June 30 Bitcoin (BTC) Ethereum (ETH) market analysis [Ethereum weekly analysis], including strategy order reference

1. Technical Aspect
【Flatbread】
No big pie today, mainly talking about the second pie.

【Two Cakes】
2-Bit Weekly Chart (Figure 1): Since 2-Bit broke through the conversion line at the end of April, it has formed a bullish trend on the weekly level. Overall, we have seen the rise of Wave 1, which successfully hit the target range of 2750-2850.

Currently, it is still in the consolidation of the second wave, and the long-term trend remains bullish. I also mentioned the breakout of the 2380 retracement zone before, and the second coin is returning to the 2250-2150 position. Overall, the weekly directional thinking is correct.

The daily chart of the second coin (Chart 2): The second coin was in a consolidation phase of the weekly wave 2 before June 10, in a horizontal waiting for a decline pattern, until the 11th when it made the first attempt to break through, which ended in failure. From this, we can see on the daily chart that since the drop from 2880, it has gone through three waves of decline, forming a V-shaped bottom in the 2150 pullback range.

Has the recent rise to 2150 really started a reversal? Actually, not really. We need to pay more attention to the defensive line at 2380. If this range is broken down, there's a high probability that the second coin will need to go through a second bottoming behavior, which is the blue line in the image below. Pay attention to the W bottom and the pin position. If it shows such a formation, we need to have expectations.

As for the reversal point on the daily chart, I will position it around 2530. Only if this range is broken can we define the bottom of this V-shape, allowing the second coin to move out of the yellow line trend, and then test the key position of 2900 for the starting wave.

Resistance levels: 2530; 2650
Support levels: 2400, 2345;

2. Strategy Order
(The following is just a simple trend analysis for reference only; specific data can only be analyzed upon arrival. If you are interested, you may consider following me.)
eth script 1: sell around 2560 (support: 2590), phase 1: 2540; phase 2: 2520; phase 3: 2470

btc script 2: sell near 109900 (suitable: 111000), stage 1: 108900, stage 2: 107900, stage 3: 104800

3. News
1. The U.S. Senate passed a procedural motion by a vote of 51 to 49, aimed at advancing the large-scale tax and spending bill that Trump referred to as "big and beautiful." With the passage of this procedural vote, the likelihood of the bill being passed in the coming days has increased. Next, the bill will go through the stages of reading, debate, amendment voting, and final voting, which is expected to take several days, with the goal of sending it to the President for signing before July 4.
Previously, in the early morning of May 22, the House of Representatives controlled by the Republican Party passed the bill with a narrow margin of 215 votes to 214 and submitted it to the Senate.
The bill contains multiple provisions, spanning over a thousand pages, primarily focusing on tax cuts and spending reductions. Specifically, the bill will extend the corporate and individual tax reduction policies enacted during Trump's first term in 2017, provide new tax breaks for tips, auto loans, and more, while also increasing defense spending and allocating more funds to combat illegal immigration.

2. The Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, mentioned today (the 29th) in a television program that digital assets are a major trend for the future. He emphasized that stablecoins are not tools for making money or getting rich, but rather tools for financial development. Xu Zhengyu stated that currently, financial activities circulate through different intermediaries or institutions, while stablecoins circulate on the blockchain, helping to enhance the efficiency and speed of financial activities, making the real economy more efficient.
When asked whether stablecoins could undermine the sovereignty of international currencies, Xu Zhengyu pointed out that the government fully understands the relevant risks and has a clear regulatory concept. It requires stablecoin issuers to have certain capital or reserves, as well as regulations on the redemption time of stablecoins, to ensure that purchasers or institutions can redeem their currency.