Gu Jingci: Bitcoin/Ethereum continues to narrow consolidation on June 29, on the verge of a trend change



Over the past few days, Bitcoin/Ethereum has been laying out pullback long orders. In the early morning, we again laid out long orders around 59000-59300 and 1550-1565, and the evening saw a rally to around 60750 and 1595, with decent overall space. I believe many people have been repeatedly bearish, calling for a waterfall or a big drop these days. Many friends should know that we were also bearish earlier, but since the rapid decline, we have been going long on pullbacks over these days, capturing decent gains that can be seen.

The current overall trend is indeed weak. Since the rapid decline, there have been four consecutive days of low-level consolidation, with multiple rallies followed by declines. If the lows of 58000 and 1500 are broken again, there will be an even larger decline. Additionally, if the rebound is weak and cannot break through resistance, it is highly likely to be a continuation pattern. Pay attention to whether we can break above or below in the next two or three days; this is key for the short-term trend. However, before the breakout, we firmly look for longs on pullbacks. Whether it breaks above or below, we can directly follow after the breakout. The upside focus is on 61000 and 1620; if broken, it will continue to rise. The same applies to the downside.

Evening trading suggestions: Bitcoin around 59000 to 59500, continue to go long, target around 61000 to 62000; Ethereum around 1550 to 1570, continue to go long, target around 1620 to 1650. Once it breaks above, you can directly follow.

#TradFiCFD黄金大师赛 #Saylor暗示增持BTC #预测世界杯巴西vs日本
BTC1.12%
ETH2.97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned