6.25 Evening BTC/ETH View 🍜 Shiyuan's View


After bearish data and big drop, weak oscillation!
In the evening, the US PCE inflation data exceeded expectations and broke 4%, raising expectations of interest rate hikes and suppressing risk assets. Both coins dipped deeply and then rebounded slightly. BTC stabilized around 61200 and tested 61500, ETH stabilized at 1635 and rebounded to 1660. Only oversold weak recovery, the main downtrend has not changed.
In the evening, it maintains low-level oscillation with alternating yin and yang candlesticks. The rebound momentum of bulls continues to weaken. The 4-hour repeated short K-line closing is just a brief consolidation after the big drop, not a trend reversal. The bearish trend remains unchanged. If it cannot break through the upper resistance, the market will weaken again; if it holds support, it will continue to grind.
BTC → Resistance: 61800, 62600, Support: 61000, 59060
ETH → Resistance: 1660, 1680, Support: 1630, 1551
Trading Suggestions:
BTC
1. Short near 61800, stop loss above 62600, target 61000, break below look at 59060
2. Light long when stabilizing near 59060, stop loss 58500, target 61000-61800
ETH
1. Short near 1660, stop loss above 1680, target 1630, break below look at 1551
2. Light long when retracing to 1551 and stabilizing, stop loss 1530, target 1630-1660$BTC $ETH
BTC-2.81%
ETH-4.92%
View Original
post-image
post-image
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned