$BTC Crypto Liying: Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH) on 6.28

Bitcoin is trading at 60,500. The momentum that dropped from over 65,000 was like a waterfall. While it has now stopped falling, this is more like the splash that erupts when a waterfall hits a pond, rather than water flowing back. The current movement is a technical correction after an oversold condition. There are multiple layers of trapped positions above, waiting to be unwound and liberated. In the moving-average system, although EMA7 provides short-term support around 60,464, EMA30 and EMA120 still remain in a bearish configuration or under high-level pressure, indicating that the medium- and long-term trend is still bearish. A MACD golden cross below the waterline indicates a rebound rather than a reversal. The Bollinger Bands are testing the pressure near the upper band. If it cannot effectively break through the upper band and hold above it, it is likely to be blocked and pull back again, retesting the strength of support at the middle band and even the lower band.

Short-term idea reference:

Buy: 58,000-57,000, stop loss at 56,500, target 59,000, aiming for 60,500

Sell: 61,500-62,000, stop loss at 62,500, target 60,500, aiming for 60,000

Ethereum

At the time of publishing, Ethereum is trading at 1,590. Many times we lose money—not because we are foolish, but because we are too clever and always try to catch the lowest point and escape the highest peak. Like now, with ETH sitting at 1,590, some think this is the bottom, while others think it will still drop to 1,400. In fact, the truth is often hidden in the middle: it is neither an absolute bottom nor an apocalyptic top, but a probability-advantage zone. The EMA moving averages are already starting to form the early stage of a golden cross in the short term, and the price has held steady not far below the EMA120, indicating that bearish power has weakened and the bulls are beginning to attempt a counterattack. The MACD shows that short-term buying pressure is strengthening. The Bollinger Bands channel has opened slightly narrower, signaling a decline in volatility and a move toward consolidation and range trading. Overall, although the larger trend is still bearish, the rebound structure in the short term has already been established. The key resistance lies in the 1600-1620 range.

Short-term level reference:

Buy: 1540, defense at 1500, stop loss at 1450, target 1600, aiming for 1650

Sell: 1650, defense at 1700, stop loss at 1750, target 1600, aiming for 1550

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