6.30 Tuesday Morning Market Views

Good morning, let's take a look at the market! In the early hours, Bitcoin bounced from a low of 58988 to a high of 60666 before facing resistance and pulling back. It has now fallen back below the 60000 mark. Ethereum followed suit, rising to 1637 before correcting, hitting a low of 1610. Overall, this is a short-term technical repair after a major drop. The rebound momentum continues to weaken, failing to break free from the downward channel.

Looking at the weekly chart, it has been consecutively bearish with increasing volume, breaking below key levels. The bearish trend is very clear. Short-term indicators are in oversold territory, suggesting a minor repair and rebound is possible. However, all rebounds present opportunities to short. Short-term moving averages are under pressure throughout, and the upper resistance zone provides sufficient downward pressure. Bullish momentum is insufficient for a counterattack.

In terms of operations:
For Bitcoin, short with a small position in the 60500-60800 range, leaving room for additional position. Target first at 58500. If it breaks down with volume, you can continue lower. In the short term, strictly avoid blindly bottom-fishing. Keep positions small and strictly manage risk with protective stops.
For Ethereum, short near 1620, target 1550. If it holds above 1640, abandon the short idea. $BTC $ETH #TradFiCFD黄金大师赛