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6.29 Morning Market Reference
Bitcoin rebounded to the 60200-60700 range, open a light short position, leaving room to add positions. First target is around 58000 near the low, breakdown extends to 57700→55000. Do not blindly enter for bottom fishing in short term, insist on light position trading, strictly control risks.
Ethereum short around 1590-1570, target 1500.
New week, new beginning. Let's take a look at the market. On Saturday, after rebounding to around 60900 high, it came under pressure and began to decline, then slightly recovered after touching the low, and started narrow consolidation below the trend resistance line, now around 59300.
The overall long-term bearish trend shows no sign of reversal. This rebound is merely a short-term technical correction. Short-term moving averages are under pressure throughout, with the descending trend line forming a strong resistance zone above. The upward momentum continues to weaken. #Crypto #Solana生态ANSEM暴涨 #美国年度净资本流入创8840亿新高 #Saylor暗示增持BTC $BTC $ETH