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6, 30 Today's Big Cake and Ethereum Market Trend Analysis Strategy:
The bearish pressure on the weekly level remains obvious. After the previous continuous sharp decline, market bullish confidence is severely lacking. There are layers of resistance levels above for rebounds, leaving limited upside space. Blindly chasing longs at this stage offers extremely low cost-effectiveness, with high risk of falling back under pressure.
The 4-hour Bollinger Bands are opening downward overall, and the price is still running below the middle track of the Bollinger Bands. Although the KDJ indicator shows a slight golden cross recovery, it is still in a low-range area, and the bullish counterattack lacks sustainability. The operation approach remains to follow the trend, waiting for the price to rebound to key resistance zones to place short orders, and patiently hold positions for the market to fall back again and weaken.
Big Cake Operation: Short around 59900-60700, target first at 59300, break below to look at 58900 low
Ethereum Operation: Short around 1605-1620, target first at 1560, break below to look at 1550 level! #BTC #ETH