2025.6.30 10:08 AM BTC/ETH market analysis


On this night, 1.4 billion CNY vanished into thin air, with 73,163 people going bankrupt to zero. During this recent period of sluggish market conditions, having such a high amount and number of liquidations over the weekend is quite remarkable!
The weekend market is really boring, there's nothing much to say. A few small altcoins have surged, and those who have some chips can make money, while those without chips have missed out. In this depressed market, don't rush or panic!
BTC attention
Support 104757/103055/100300
Pressure not set for now
At this moment, BTC is consolidating around the 108500 level, with the nearest support and resistance levels being 107507/109500. Currently, there is enough upward momentum. Since we have reached this point, let's wait and see what the buying and selling strength is like at the 109500 level, or whether there is a significant drop at the 108500 level during the morning session before deciding whether to take action!
ETH Attention
Support 2403/2343/2285/2215
Pressure not set for now.
It is only said that 2403 is our long-term support level, but I didn't expect this level to be so strong from last year to this year. As long as there is an opportunity and we maintain patience, there should be no losses. Every time it reaches this level, there is a strong bullish force intervening for a rebound. If it follows BTC's high position and stabilizes after continuous fluctuations, and the bulls gradually gain strength, then a new wave of rebound will be brewing! Keep an eye on the changes in trading volume at high levels!
Operationally: For spot trading, you can look for some promising trending hot tokens from the past, take small positions for swing trading, and for contracts, primarily focus on BTC/ETH/SOLDOGE/LTC. Try to avoid trading contracts on altcoins as the volatility is too high, which is equivalent to spot trading already having leverage!
On Monday, if there is a rise or a small double top, consider trying a small short position with light exposure, but do not chase the highs for now. After all, the big coin has not broken through the 109500 line and stabilized, and the second coin has not stabilized at 2542 either. Therefore, chasing long positions upon breakout is not effective for the time being. The key resistance level is consolidating below, so we can only consider light short positions to look for opportunities!
#GateLive# #GT#
BTC1.35%
ETH-0.09%
NIGHT-9.53%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)