Wishing everyone a healthy and safe Dragon Boat Festival. If you short Ethereum at 1715, the maximum profit can already be up to 40 points. The short entry on the “big pie” hasn’t reached the 300-point difference yet. During the day, still focus on Ethereum’s overnight high at 1716—if it can’t break through, it won’t be able to go up. More conservative traders can wait for 1760 to observe the price action; if it still can’t break through, then consider shorting. For the lower area on the left, take short-term longs at 1600–1560, and set a proper stop-loss. If Ethereum rebounds at 1506, the profit will be larger—use the previous low as the stop-loss.

For Bitcoin, if the overnight high at 63300 can’t be pushed through, the rebound will lack momentum and this situation will likely continue. You can observe price action and consider shorting at 64700. More conservative traders can wait to short in the 65800–67300 range. For the lower area, go long at 60388–59388.

A specific market analysis will be posted again later this evening.