Gu Jingci: 6.26 Bitcoin/Ethereum Evening Operation Strategy with Market Analysis

Bitcoin/Ethereum has been fluctuating back and forth over the past two days, with Bitcoin overall slightly stronger. Although it broke through the earlier low of 59,000 to reach around 58,000, it quickly recovered and is now hovering around 59,600. Ethereum is generally weaker, continuing to fluctuate weakly, and fell to around 1,510 during the morning session. To be honest, everyone is bearish right now, including the trend, which does look weak with a lack of upward momentum. However, given where the market is, it’s basically a standard move to refrain from shorting even though the outlook is bearish. Just focus on the support at 58,000 and 1,500 for a bounce. Also, regardless of whether this is the bottom, even if a reversal occurs later, it will repeatedly test the strength of this support level and fluctuate before pushing higher.
Evening operation suggestion: Go long on Bitcoin at the current price around 59,600, targeting 61,000 to 62,000; go long on Ethereum at the current price around 1,550, targeting 1,620 to 1,650, with stop losses at 58,000 and 1,500.
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