Mr. Crypto Coin: June 30 Bitcoin (BTC) Market Analysis Reference


Bitcoin continued to consolidate yesterday, with the subsequent upside blocked near 60,800, entering a phase of range repair. The current consolidation pattern remains unchanged, with prices testing around 60k back and forth. Currently, the price is stabilizing in the 60,200 range. After testing the 58,000 support earlier, it has staged a repair rebound, which is a bottoming-out repair phase after a sharp decline, and a unilateral strong trend has not yet started.
From a technical indicator perspective, the short-term MACD maintains red bars, with bullish repair momentum online. However, the KDJ indicator is approaching the overbought zone, increasing the risk of chasing highs, making it prone to short-term spike pullbacks. The Bollinger Bands are gradually narrowing, volatility is shrinking, and the battle between bulls and bears is mainly tug-of-war. Range-bound consolidation is the current core pattern. The intraday high near 60,800 is the first short-term strong resistance. Only after a volume breakout and stabilization can there be a chance to challenge the 62,000+ range. The 59,500 area below is the short-term core support. If it is lost, prices will further retest lower levels and return to weakness.
On the hourly chart, the moving averages are relatively flat, with prices oscillating within the 58,800–60,500 range. Consolidation is expected to continue for some time. The approach remains to trade high and low within the range. For a conservative approach, wait for a breakout of the range before following the trend. Follow Mr. Coin for real-time market analysis.
June 30 Bitcoin Short-Term Reference:
South (short) in the 61,800–60,800 range, defense 64,500, stop loss 500 points, target below 60,500.
North (long) in the 58,300–57,300 range, target above 58,500, stop loss 500 points.
The post has a delay, strategies are for reference only. The market changes rapidly. No matter how high your confidence in market judgment is, be sure to set take profit and stop loss, secure your profits.
June 30 Ethereum Short-Term Reference:
Short in the 1625–1685 range, defense 1870, target below 1600.
Long in the 1480–1540 range, defense 1360, target above 1580.
The post has a delay, strategies are for reference only. The market changes rapidly. No matter how high your confidence in market judgment is, be sure to set take profit and stop loss, secure your profits.
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BTC0.05%
GT-1.43%
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