6.29 Morning BTC/ETH Market 🍜 Shiyuan's View


Downward relay, where is the key support?!
Previously, the rebound hit the high level, faced resistance, and pulled back with volume. The rebound momentum continues to weaken. The overall pattern remains weak and downward, currently in a downward relay consolidation phase.
4-hour K-lines keep closing bearish and weakening. Bullish rebounds lack sustainability; the key support below is 58030. If held, it will consolidate in the low range; if broken effectively, it will extend deeper decline.
BTC → Now 59217
Support: 59000-58500; Resistance: 60000-60600, Strong Resistance: 61000
ETH → Now 1559
Support: 1550-1530; Resistance: 1580-1600, Strong Resistance: 1610

Trading Suggestions:
BTC
1. Light long on pullback near 58500-59000, stop loss below 58200, target 60000/60500;
2. Short on rebound near 60000-60600, stop loss above 61000, target 59000/58500, break below see 58030 phase low.
ETH
1. Light long on pullback near 1530-1550, stop loss below 1508, target 1580/1600;
2. Short on rebound near 1580-1600, stop loss above 1610, target 1550/1530, break below see 1510 phase low.
$BTC $ETH
BTC-0.95%
ETH-0.30%
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