6.30 Tuesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Reviewing yesterday's market, it showed a wide-range volatile game. After a quick bottom-seeking in the early hours, a strong rebound repair occurred. Bitcoin touched a high of 60666 but failed to break the previous high, then fell back under pressure. Ethereum's gain was more prominent, rising to around 1637, but the long-side volume lacked sustainability. After touching the key resistance zone above, upward momentum quickly exhausted, and long and short forces rapidly reversed. After the surge, consecutive pressure led to bearish candles and a decline. At that time, the idea was also shared in advance: if you did not open long positions at the low, do not blindly chase longs, and it is more recommended to open shorts at highs or resistance levels.
We did not catch this early morning rally in Zhi Lan's live trading layout. Throughout yesterday, we adhered to the core trading idea of shorting at highs. Bitcoin accumulated 2339 points, and Ethereum simultaneously captured 88 points. All short positions successfully took profit and exited. By finding key points, the profits were steady.

From the current market, it clearly shows weak characteristics of exhaustion after a rise. The entire rebound failed to continuously break through the core resistance above 60300-60700. The long-side support is weak, and each rally is accompanied by short-side selling pressure. Overall, the major-cycle short-side dominant pattern remains. On the daily chart, the Bollinger Bands continue to open downward, forming a medium-to-long-term short channel, and the downtrend structure is intact without damage. On the 4-hour chart, it again faced consecutive pressure near the upper band, closing with long upper wick candlesticks. The major-cycle step-down structure is intact, and this rebound cannot repair the previous large decline. On the minor cycle, the Bollinger Bands briefly contracted upward then turned flat again. After touching the hourly Bollinger upper band, it fell back under pressure. The candlestick closed with a long upper wick pattern after the surge, and long-side upward momentum quickly exhausted. The short-term rebound lacks sustained volume support, being merely a technical repair after the sharp drop. With multiple resistances above, the probability of a volatile decline and continuation of the short trend is very high. At the same time, pay attention to the impact of today's geopolitical news. Control your position and set take profit and stop loss.
Bitcoin: Short near the rebound at 60300-60700, targets 59000 → 58030
Ethereum: Short near the rebound at 1620-1640, targets 1585 → 1530
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