6.30 BTC/ETH Early Morning Market Outlook

In the early morning, the market first dipped, with selling pressure gradually weakening during the continuous selling, and sufficient support at lower levels, without a sharp decline with heavy volume.

Subsequently, increased buying power entered the market collectively, rapidly pushing prices up. After the spike, short-term profit-takers concentratedly cashed out, and prices gradually fell back into a range-bound consolidation.

Overall, it is a stage of consolidation and recovery after the decline, with long and short forces approaching equilibrium. There is no unilateral trend, existing buying power provides support, and price fluctuations are relatively mild.

The support level's center of gravity is continuously rising, and downward momentum has largely been exhausted, entering a bottoming and recovery cycle. The large bullish candle has held above the 60000 mark, but upward space faces significant pressure, with concentrated selling from trapped positions above. It will be difficult to break through key resistance in one go in the short term. The overall range is running with a warming bias, with the lower low as core support and the upper high facing strong resistance. In the short term, it will digest previously trapped positions through back-and-forth oscillations.

BTC Operation Reference

On a rebound reaching the 60200-60700 range, you can place short orders, target 59200.

ETH Operation Reference

On a rebound to the 1600-1650 range, place short orders, target 1550#加密市场回升 #btc