6/24BTC/ETH Market Morning Report: Bitcoin's $60k Defense Battle



Yesterday, Bitcoin touched the 61,870 level to halt the decline, starting a small rebound to around the current price of 62,800,
but the rebound volume continued to shrink, entirely driven by short-term profit-taking, lacking new capital support.

Key levels:

Resistance above: 63,300-63,500 (dense trapped selling pressure zone + 1-hour EMA55 resonance)
Support below: 62,000-62,200 (strong institutional zone); 61,800 (Bollinger lower band)

Strategy suggestions (mainly short positions):
Short entry zone: 63,200-63,500, staggered entries, stop loss: above 64,500

Target 1: 61,800; Target 2: 61,000; Target 3: 60,000

Ethereum:
Resistance above: 1,680 (short-term first hurdle); 1,720-1,766 (strong selling pressure zone)
Support below: 1,630-1,650; already at 1,600-1,610

Strategy suggestions (mainly short positions):

Short entry zone: lightly short after pressure at around 1,680, stop loss: above 1,733
Targets: 1,630–1,600; 1,580–1,510

When the opportunity hasn't arrived, everyone should wait patiently and participate with small positions! Do you prefer this writing style, or the previous one?
#0成本拿2股SK海力士 #以太坊基金会重组降本 #苏格兰VS巴西
ETH-1.05%
GT0.91%
BTC-1.77%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
DaoSidekick
· 7h ago
The rebound driven by shrinking trading volume and short covering is indeed hard to sustain; wait for signals around 63k.
View OriginalReply0
SlowerThanBlock
· 9h ago
I agree with the idea of focusing on the high altitude, but the trapped orders above 63k are indeed heavy; entering in batches is more stable.
View OriginalReply0