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6.29 Bitcoin/Ethereum Evening Market Analysis
Today, Bitcoin is oscillating weakly within the 59000–60000 range. After dipping to a low of 58888 in the early morning, it saw a minor technical rebound, and the price is currently hovering around 59500–59800, with insufficient upward momentum.
Ethereum is also running weakly near 1570, with a narrower overall fluctuation range compared to Bitcoin.
Bitcoin's short-term resistance is concentrated in the 60000–60700 area, with multiple attempts failing to hold firmly. Below, key support lies at 58000–59000; if this support breaks, the downside space will open toward 57000.
Ethereum's resistance zone above is 1580–1600, with short-term support at 1550.
Trading reference:
Bitcoin: Short on a rebound to the 60500–61000 range, with a downside target of 57700–58200.
Ethereum: Short on a rebound to the 1600–1620 range, with a downside target of 1480–1460. #BTC #ETH