6.29 Early Morning

From the overall technical structure analysis, the current market's major bearish trend has not seen a substantial reversal, and the bearish-dominated rhythm remains stable. On the short-term level, although there is rebound momentum from oversold recovery after consecutive declines, the overall rebound strength is weak, upward space is very limited, multiple resistance levels above are pressing down, and the bullish initiative to counterattack is severely insufficient.

On the weekly cycle, price lows continue to move downward, the weak pattern is clear, the bearish trend has strong continuity, and the overall market is dominated by bearish power. Although the bulls have attempted to pull back multiple times, they have never been able to firmly hold the key level of 60,000. Each rebound ends with a rise and fall, and subsequent market dips to new lows, continuing the downward trend. It is only a matter of time.

Suggestion:
BTC: Short near 5.97-6.04, target near 5.85-5.80
ETH: Short near 1580-1620, target near 1520-1480