Afternoon Analysis for June 29


Did everyone manage to catch a few moves from the positions I shared earlier?
Currently, $BTC the DIF and DEA lines crossing above the zero line does not necessarily mean a rise; it only indicates that the overall market positions are in profit.
The contraction of the red bars is the core signal: during previous rallies, the red bars expanded continuously, indicating active incremental capital entering the market to grab positions. Now the red bars are gradually narrowing, not because bears are strengthening, but because sidelined capital is unwilling to chase highs.
The momentum of capital chasing gains is cooling, and prices are losing incremental driving force, only relying on existing market funds to compete with each other, hence a sideways consolidation. As long as no new capital enters, it will be difficult to break through the previous high of 61800 in the short term. Yifan personally suggests going short near 60300-61200, targeting around 59300-58500. Conversely, if it holds steady, you can try going long. #BTC #ETH #BTC走势分析
BTC-1.58%
ETH-1.22%
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