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6:30 PM Tuesday Evening BTC/ETH Thoughts
Recently, BTC has been oscillating repeatedly in the 59000-60700 range, with multiple attempts to break higher failing to surpass the strong resistance at 60700, and the overall trend remains bearish.
To achieve a reversal, it needs to break and hold above 60700 with volume. Multiple failed breakouts indicate weakening bullish momentum. If this round of rebound remains under pressure, a subsequent retest of 59000 will likely break directly, with the next support at 58000.
Before a breakout signal appears, prioritize a short-on-high strategy. Do not blindly buy the dip. Patiently wait for the upper or lower boundary of the range to break, then enter with the trend.
#BTC