Bitcoin and Ethereum Evening Thoughts



Bitcoin is weakly recovering in the 60800-61500 range, briefly breaking below the 60k mark intraday to hit a low near 59023, a new low since October 2024; Ethereum is moving synchronously near 1580-1600, with a 24-hour decline of about 4.7%. The 24-hour全网liquidation amount is approximately $1 billion, with long position liquidations accounting for nearly $800 million and over 170k liquidated positions.

The 61500-62000 area above Bitcoin forms short-term resistance, while 59000 below is key support. If it breaks again, look toward the 57500-58000 range. Ethereum faces resistance in the 1630-1660 zone above, with key support below at 1550-1570.

Bitcoin: Short in the 61800–62300 range, target 58500-58000

Ethereum: Short in the 1650–70 range, target 1570, 1550
BTC-2.87%
ETH-2.63%
SOL-2.48%
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