7.1 Morning Bitcoin/Ethereum Market 🍜 Shiyuan's View


First day of July opens weak! Bitcoin and Ethereum short-term bearish strategy unchanged?!
Yesterday, Bitcoin surged to 60900 but faced resistance and broke below 60400, Ethereum hit resistance at 1610 and weakened. Market funds continue to outflow, overall volume low and oscillating downward, Ethereum significantly weaker than Bitcoin.
Today's market bearish structure remains unchanged, only minor weak recovery, rebound lacking strength with low volume. Key focus on Bitcoin support at 60000 and Ethereum support at 1550; if broken, further decline will continue. Operation mainly on shorting at highs.
Bitcoin→Now 58565
Resistance: 60900, 60400; Support: 60000, 59000
Ethereum→Now 1566
Resistance: 1600, 1630; Support: 1570, 1550

Operation Suggestions:
Bitcoin
1. If resistance holds at 60700–61000, you can place short orders, stop loss 61300, targets 60100→59800→59000
2. Consider only after a pullback stabilizes around 59000, stop loss 58700, rebound target 60200; do not bottom-fish if not stabilized.
Ethereum
1. Enter on resistance at 1600–1630, stop loss 1660, targets 1570→1550→1500
2. Only if clear support appears below 1540, then try a small long position, stop loss 1520, target 1590$BTC $ETH
BTC-0.26%
ETH0.75%
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Let'sAllEarnMoneyTogether
· 5h ago
Good morning, beautiful.
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