Liyin in the Crypto Circle: June 26 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Bitcoin spot price is 59200, the technical aspect shows a weak oscillation plus bearish dominant pattern. Since the previous decline from the high of 71788, although there have been occasional rebounds, the downtrend has not changed. Recently, the price has repeatedly tested support at low levels, with increased long-short competition. It is necessary to use indicators to judge the subsequent direction. The moving averages EMA7, EMA30, and EMA120 are in a bearish arrangement, with short, medium, and long-term moving averages sequentially suppressing the price, reflecting sustained selling pressure, making rebounds prone to encountering resistance. The MACD indicator's bearish power has not weakened, and the downward momentum still exists. The Bollinger Bands show the price is close to the lower band at 58640, with the middle band at 61263 constituting core resistance. If the lower band is lost, it may open up downward space, while breaking the middle band requires volume confirmation. In summary, the short-term rebound space is limited, the bearish trend has not changed, and caution is needed for the risk of a breakdown.

Short-term trading ideas for reference:

Long entry 58000-57000, stop loss 56500, target 59000 aiming for 60500

Short entry 61500-62000, stop loss 62500, target 60500 aiming for 60000

Ethereum

Before publication, Ethereum spot price is 1560. It previously fell from a high of 1850, rebounded to 1750 in the middle but could not hold. Now the price is struggling within the moving average cluster. Simply put, the bulls and bears are fighting, with no one completely winning, but the overall trend is still weak, as highs are getting lower. The moving averages EMA7, EMA30, and EMA120 are all above the price, suppressing it. The short-term EMA7 is close to the current price, indicating short-term selling pressure remains. The MACD's bearish momentum has not fully dissipated. The Bollinger Bands are also critical, with the middle band at 1629 like a ceiling and the lower band at 1548 like the floor. Currently, the price is below the middle band, within a weak range.

Short-term point reference:

Long entry 1540, defense 1500, stop loss 1450, target 1600 aiming for 1650

Short entry 1650, defense 1700, stop loss 1750, target 1600 aiming for 1550

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