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6.9 Tuesday Midday Market Analysis
The morning market is about to end, and overall the trading session hasn't presented many opportunities. After retreating from the high of 63,800 to around 62,300, it entered a sideways consolidation. The price also touched the lower boundary of the hourly chart, indicating insufficient rebound momentum. The high-level resistance caused a clear slowdown in gains, and the market weakened along with Bitcoin, mainly following the trend to short on dips without chasing longs.
ETH current price is 1,667, with a intraday decline of -0.65%. There is heavy accumulation of trapped positions above, limiting the rebound space.
BTC trading suggestion: Short around 63,000, take profit at 62,200-61,200, stop loss at 64,000.
ETH trading suggestion: Short around 1,680. Take profit at 1,650-1,600, stop loss at 1,720.