6.10 Market Analysis

1️⃣ Bitcoin: surged to 64,000 and then pulled back, with a low of 60,700. The rebound’s high and low points keep moving lower. The oversold rebound phase is nearing its end, and a second round of the trend is starting. Shorting at 63,500-64,000 has already secured nearly 2,000 points in profit. In the short term, expect range-bound oscillation between 64,000-59,500—high to sell and low to buy. Going long can be considered at 60,000-59,500. Without major negative catalysts, it’s unlikely to break down. It’s not suitable for long-term shorts for now—wait for a triangle convergence breakout signal.

2️⃣ Ethereum: the drop is larger than BTC’s. It broke below the previous daily low, with high volatility offering gains. In the short term, it remains weak and hasn’t stabilized yet—watch the 1,700 resistance to short. The 1,520 and 1,380 ranges can be used to enter longs on a short-term basis to rebound and take profit.

3️⃣ Market comparison: in this round of decline, ETH’s swing amplitude is greater than BTC’s. After subsequent consolidation, ETH’s volatility will be weaker than BTC’s.