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Friday Summary & Bitcoin and Ethereum Market Analysis and Trading Suggestions for Early Saturday, 6.6
Review of Friday's market: Bitcoin hovered around 63,000, consolidating with sideways movements, then in the evening, the bears gained momentum and pushed the price down steadily with increased volume. The bulls' rebound was very weak, repeatedly breaking through multiple support levels, accelerating the decline to a new low near 59,739. Ethereum followed Bitcoin's single-sided weakness, starting a stepwise decline, breaking through key levels of 1700 and 1600, with the lowest around 1546. The daily chart closed with another long bearish candle, indicating full control by the bears, with almost no significant rebound during the session. This is a typical dull knife cutting meat decline, with a complete bearish structure.
Recent strategies have consistently suggested following the trend to remain bearish. Zhilan's real-time market layout also follows the short position, with Bitcoin gaining a total of 4649 points of space throughout the day, and Ethereum gaining 198 points.
Currently, market sentiment has dropped to freezing point, with bulls having no power to resist. No signs of stabilization are visible, with heavy resistance above. The bearish trend remains intact. The four-hour K-line is well below the midline, with Bollinger Bands opening wider, indicating a strong bearish arrangement. After a prolonged long bearish candle, a doji star formed, indicating a continuation of the downtrend with no clear reversal signal. The hourly K-line stays close to the lower band, with the midline at 62400 acting as short-term resistance, and rebounds have not even touched the midline, showing an extremely weak pattern. The candles continue to close bearish, with occasional small bullish candles but with very short bodies, bulls lacking any counterattack strength. Bollinger Bands remain expanding downward, with no signs of narrowing. Ethereum is declining in sync, with the hourly midline at 1688 forming short-term strong resistance, and Bollinger Bands diverging downward, confirming a clear bearish trend.
Overall, from early morning to late night, the market is likely to continue weak consolidation or further decline. Trading should maintain a high short position mindset. Before any clear signals appear, avoid blindly bottom-fishing.
Bitcoin: Range between 61,500-62,000, target lower at 60,000, and below that near 59,000.
Ethereum: Range between 1,620-1,680, target lower #分享美股交易赢英伟达股票 at 1,500, and below that near 1,400.