6.29 BTC and ETH Evening Market Analysis



Today, BTC is oscillating at a low level within the range of 59000 to 60000. In the early session, it hit a low of 58888, then saw a slight rebound. Currently, the price is trading in the range of 59500-59800, with very weak upward momentum.

ETH follows the broader market weakness, trading around 1570, with much smaller daily volatility than BTC.

BTC's short-term resistance zone is locked at 60000-60700, with multiple upward attempts failing to hold the highs; the key support zone below is 58000-59000. Once support is broken, the downside space will open further, with the first target below at the 57000 level.
ETH's upper resistance is 1580-1600, with short-term bottom support at 1550.

Evening Trading Reference

BTC: If the price rises to the 60500-61000 range, you can enter short, with take-profit below at 57700-58200
ETH: If it rebounds to the 16000-16200 range, arrange a short position, with targets at 1460-1480#BTC
BTC-1.84%
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L2Mailman
· 06-29 14:02
58888 is a lucky number, but unfortunately the bulls couldn't hold it. 60000 repeatedly fails to break through, I'll try a short at 60500 tonight, and exit if it drops below 59000.
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LatencyLullaby
· 06-29 12:18
ETH today follows the decline but not the rise, volatility is being ground into the dirt by BTC. Short from 1600 to 1460, this risk-reward ratio, I'll go first.
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