6.30 Noon Bitcoin/Ethereum Market 🍜 Shiyuan's View


Surged then pulled back, how to capture short-term long/short ranges?
After a strong rally in the early session hitting the intraday high, sell-off pressure concentrated and released, with long momentum quickly exhausted. Overall pattern turned from surge to weakness, currently in a low-level sideways consolidation after the decline.
Hourly candlesticks show consecutive bearish candles declining, with weak rebound and no reversal signal. Key pivot above is 60000/1600—standing firm here offers recovery potential, otherwise the downtrend remains weak and oscillates lower.
Bitcoin → Current 59643
Support: 59400-59300; Resistance: 60000-60300; Strong resistance: 60666
Ethereum → Current 1591
Support: 1585-1580; Resistance: 1600-1610; Strong resistance: 1637

Trading Suggestions:
Bitcoin
1. Go lightly long near 59300-59400, stop loss below 59000, target 60000/60300;
2. Go short near 60000-60600 on rebound, stop loss above 60900, target 59400/59300, if broken see 59000 stage low.

Ethereum
3. Go lightly long near 1580-1585, stop loss below 1575, target 1600/1610;
4. Go short near 1600-1630 on rebound, stop loss above 1640, target 1585/1580, if broken see 1575 stage low. $BTC $ETH
BTC-1.00%
ETH0.46%
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