6.27 Midday BTC/ETH Market View by Haibei



After the early bottoming, BTC and ETH have been oscillating and recovering, with a slight short-term rally followed by minor consolidation under pressure. Bulls hold a slight advantage, but upward momentum has slowed.

The 1-hour cycle shows a bottoming and oscillating upward structure. BTC peaked at 60550.6, ETH at 1594.05, then both pulled back slightly. BTC's lowest point was 58480.0, and ETH's lowest was 1521.42. The current market is in a sustained recovery oscillation after a significant drop. Bulls are taking over with slight strength, and each pullback sees buying support. The bearish trend on larger cycles has eased, and the short term is in a mildly bullish oscillation phase. Today is Saturday, the weekly close is approaching, and overall weekend volatility will not be too large.

BTC Key Range
Support: 59988, 59515; Resistance: 60550, 60757

ETH Key Range
Support: 1570, 1557; Resistance: 1594, 1601

BTC
1. Short at 60450-60550 under pressure, stop loss above 60760; first target 60130, second target 59988.
2. Only go long lightly near 59515 on a pullback, quick in and out, no long-term longs.

ETH
1. Short at 1583-1594 under pressure, stop loss above 1602; after breaking below 1570, target 1557.
2. Only try small longs near 1557, strictly avoid heavy chasing longs.

‼️ Personal opinion: Trend is mildly bullish, focus on longs on dips, short highs with light positions and tight stops. Personal analysis for reference only $BTC
BTC0.54%
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