6.30 Noon BTC/ETH Market Haibei's View

After last night's rally, BTC and ETH hit short-term rebound highs, but bullish momentum quickly faded, with short-term pressure persisting and prices falling back. On the 1-hour chart, MA5 turned downward crossing below MA10, forming a death cross. Volume increased during the rally but decreased during the pullback, showing ongoing selling pressure at highs. The current oversold repair rally has entered a high-level pullback phase, still part of a weak recovery consolidation after the sharp drop, without a reversal into a bullish trend. The short-term outlook is oscillating bearish.

On the 1-hour cycle, yesterday's strong rally saw ETH peak at 1636.85 and BTC at 60921.9, marking the phase rebound highs. The previous lows of ETH at 1546.40 and BTC at 58859.2 serve as the bottom of this rebound. Current prices have fallen back into the short-term moving average range, with MA10 and MA20 forming a dual resistance above, while MA5 only provides weak support below. Today, the market is likely to continue with high-level oscillating pullbacks, with key focus on support levels below.

ETH Key Levels
Support: 1586, 1568, Resistance: 1597, 1620

BTC Key Levels
Support: 59600, 59360, Resistance: 60010, 60400

ETH
1. Short position under resistance at 1595-1620, stop loss above 1640; first downside target 1586, second target 1568
2. Only light long position if price retraces to 1568-1575 range to bet on support bounce, quick in and out, do not hold long-term longs

BTC
1. Short position under resistance at 59950-60400, stop loss above 60600; first downside target 59600, second target 59360
2. Light short-term long if price retraces to 59380-59600 range, stop loss at 59150, first rebound target 59900, second target 60100

‼️ The above content is only a technical analysis reference and does not constitute any investment advice. Virtual currency trading is highly volatile and extremely risky. Please control your positions and trade cautiously. $BTC