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June 29 Monday Trading Suggestions
Bears dominate the downtrend. Currently, it is just low-level consolidation after the decline, with no bottom reversal signal. There is no long-term opportunity to go long on a reversal.
Bounces are window periods for shorting; do not actively chase longs. Only when extremely oversold near the previous low, lightly bet on short-term bounces. BTC is the bellwether; if BTC is under pressure, ETH is weaker, and ETH volatility will be greater than BTC.
BTC suggestion: Short in the 60400-61200 range, targets sequentially at 59400, and if broken, look at previous low 58030.
ETH: Short near 1590-1610 bounce, targets 1554-1560, and if broken, look at 1511.
$BTC $ETH $LAB
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