6.27 Saturday Midday Market Analysis


After the previous bottoming out, Bitcoin and Ethereum began a sustained volatile recovery; after a short-term slight surge, they faced resistance and consolidated slightly, with bulls having a slight advantage but upward momentum slowing!
In the 1-hour cycle, the bottoming out completed a volatile upward structure; BTC high 60733.9 and ETH high 1594.00 peaked simultaneously and then slightly retreated; BTC lowest probed 58480.0, ETH lowest touched 1520.52. The current market is in a continuous repair and consolidation after a big drop; market bulls have slightly strengthened with buying support on each pullback; the long-term bearish trend has eased, and the short-term is in a volatile and slightly bullish phase. Today is Saturday, the weekly chart is about to close, and overall volatility over the weekend will not be too large.
BTC trading suggestion: Short near 60500, take profit 60000, stop loss 61000
ETH trading suggestion: Short near 1585, take profit 1570, stop loss 1600
BTC2.17%
ETH1.78%
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