6.26 Evening BTC/ETH Market Beihai's View



After Bitcoin and Ethereum surged to highs and topped, they experienced a massive volume sell-off. Short-term rebounds are all bull traps. When rebounds face resistance, follow the trend and go short!

The 1-hour chart shows a standard double-top decline structure. BTC high at 61941 and ETH high at 1660 simultaneously topped, followed by continuous heavy volume sell-off. BTC lowest dropped to 58061, ETH lowest touched 1510.89. The current market is in a weak minor recovery after the sharp decline. The bullish support on the chart is weak; each small rebound is suppressed by bearish candles. The larger cycle remains intact in bearish without reversal, and the overall market is in a decline continuation phase.

BTC Key Range
Support: 59000, 58060; Resistance: 60070, 61400

ETH Key Range
Support: 1540, 1510; Resistance: 1559, 1580

BTC
1. Place short orders on resistance at 60000-60400, stop loss above 61000; first downside target 59000, second target 58060
2. Only go long lightly near 58060 for short-term quick in and out; do not hold long-term long positions

ETH
1. Short on resistance at 1550-1570, stop loss above 1585; after breaking below 1540, target 1510
2. Only try long with small position near 1510; strictly avoid heavy long chasing

‼️ Personal opinion: Trend is primarily bearish; prioritize shorting from highs. Long positions should be light and short-term. Strict stop loss. This analysis is for reference only.
BTC1.25%
ETH0.40%
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HaiBeiAnalysisSays
· 1h ago
Get on board quickly!🚗
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