6.29 Evening Bitcoin Market Analysis

In the afternoon, BTC first quickly rebounded from around 59400 to around 60300, but the subsequent momentum was insufficient to hold, and it retraced under pressure to around 59700. As of now, it is consolidating in a narrow range around 59700-60300, with no clear breakout signal. ETH's volatility is also quite limited, similarly consolidating in the 1570-1590 range. Don't always try to fight the market head-on; try to make peace with yourself. Only by accepting your shortcomings can you further improve.

The current market conditions are indeed grinding. From the 1-hour BTC chart, short-term bullish momentum continues to be released, but the strength is limited, and the 60500 resistance has not been effectively broken. The KDJ indicator also shows signs of sustained downward divergence at high levels, to digest the market's need for a pullback. It is recommended to wait for the US stock market opening tonight. This trend urgently requires a volume breakout. As long as the 60500-61000 range is not effectively broken, we will continue to short on rebounds. If 59000 breaks down with volume, then lightly follow up with a position, targeting 58000. Don't overthink ETH. If it cannot hold above 1600, then short it, targeting the 1500 mark.$BTC #TradFiCFD黄金大师赛 $ETH