6.6 Market Analysis

BTC

1️⃣ Market: Six consecutive days of decline on the daily chart, starting from 80k in January, yesterday broke 60k with increased volume to continue falling, current price 60,700, no rebound momentum, head and shoulders top formed, the 60k support may become a continuation of the decline.

2️⃣ Position: Long positions entered near 60k at cost, set stop-loss based on previous lows; if the 1-hour chart does not form a bottoming wick, exit.

3️⃣ Levels: Short-term take profit at 63,000; if it breaks below 60k, the next support is at 53,000–52,000.

4️⃣ Fundamentals: Institutions continue to sell off, no short covering to trigger a reversal, the market is weak, volatility is increasing, strictly follow stop profit and stop loss.

ETH

1. Broke below 1,740 support, current price around 1,500 with no support below, a true vacuum zone.

2. Weekly short-term support at 1,400, only attempt to go long if it stabilizes and forms a bottom wick; there is a risk of dropping into the three-digit range.