6.30 Early Morning BTC/ETH Market Analysis



The market is still in a low-level consolidation state, and only an effective breakout of the box range can clarify the subsequent direction.

Bitcoin surged to a high of 65597 in the early stage before facing heavy bearish pressure, dropping to a low of 58030. Short-term downward momentum has been fully released, and it is currently in a bottom consolidation phase after the sharp decline.

On the 4-hour chart, alternating bullish and bearish candlesticks make it difficult for the trend to sustain. The overall medium-term trend remains bearish.

The key level for strength is at 60600. If the price holds above this level, the rebound can continue; if it remains under pressure here, the market will continue to oscillate and wash out positions at low levels.

Trading Strategy:
BTC: Light long positions in the range of 59400-59900, stop loss below 59000, first target 60600, next target 61000.
Short positions in the range of 60600-61200 on rebounds, stop loss above 61500, targets 59900 and 59400. If the range is effectively broken, continue to look at the previous low of 58600.

ETH: Light long positions in the range of 1560-1590, stop loss below 1540. #btc
BTC-1.84%
ETH-0.36%
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