6.24 Evening Market Analysis and Trading Suggestions

Market Analysis and Forecast:
On the 30-minute level, BTC experienced a clear breakdown after earlier consolidation, gradually weakening from around 63200, breaking below the 62500 support in the evening and accelerating downward to the 60240 area. Short-term bearish momentum was released intensively, a typical liquidity cascade scenario. Structurally, the price continued to face pressure during rebounds, indicating heavy selling pressure above, with funds continuously withdrawing from highs, and the market shifting from consolidation to bearish dominance. ETH weakened in sync, falling from around 1692 to around 1616, with its decline rhythm highly consistent with BTC, showing strong market correlation. On the news front, there is a lack of new supportive factors at the macro level, while high-leverage capital is deleveraging concentratedly, exacerbating short-term volatility. Current market sentiment has shifted from neutral to cautiously bearish. Although there is a technical rebound demand in the short term, the overall trend remains weak, and rebounds are more likely to become opportunities for secondary shorting. Key focus: Whether the 60000 integer level can hold; otherwise, further downside may extend.

Trading Suggestions:
BTC: Short near the rebound to 62500-63000, targets 59000, 58000.
ETH: Short near the rebound to 1660-1680, targets 1590, 1550.#以太坊基金会重组降本 $BTC $ETH