6.29 Monday BTC, ETH Trading Strategy



Last night, a short strategy for BTC in the 605 area was shared. The price pushed up to around 603, then met resistance and weakened, dipping to a low of 588. Afterwards, driven by news of a ceasefire between the US and Iran, the selloff briefly stalled and rebounded. This bearish move delivered a profit opportunity of 1500 points; ETH, in parallel, also captured a downward gain of 38 points.

From the 4-hour chart, the key support below has been tested five times. Although it has been defended each time for the moment, the bulls are currently only passively holding ground, with no momentum to counterattack. If the 580 level is effectively broken, it will trigger liquidations totaling 1.6 billion USD in the market. Overall, the rebound highs keep trending lower—620, 607, 610, and 605 move down one after another. In this rebound, even 600 was not reached, showing that market buy support continues to weaken; breaking below 580 is only a matter of time.

BTC Trading Suggestions

Short in batches on rebounds to 597 and 603; add shorts at 610. Targets: first look at 588 and 580, and after a breakdown, follow through lower to 568.

ETH Trading Suggestions

Set shorts in the 1575 and 1590 range on the rebound; add positions around 1620. Targets: 1540 and 1500; after support breaks, further look toward 1430. #黄金
BTC1.20%
ETH3.30%
GLDX-1.06%
PAXG-1.42%
XAU-1.53%
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