7.1 Midday Bitcoin/Ethereum Market 🍜 Shiyuan's View


The first day of July continues weak consolidation, with weak rebounds, maintaining the short-at-highs approach!
The morning's slight weak recovery did not change the bearish dominant pattern. Bitcoin hit resistance and pulled back, Ethereum followed weaker with even weaker rebound strength. Market volume remains low, with no signs of stabilization and volume from bulls. It is difficult to see a reversal in the short term.
Key levels to watch: Bitcoin 58000 and Ethereum 1550 as critical supports. If supports break, it will open new downside space. Operations still prioritize shorting at highs.

Bitcoin → Now 58672
Resistance: 59200, 59600; Support: 58000, 57700
Ethereum → Now 1575
Resistance: 1600, 1620; Support: 1550, 1510

Operation Suggestions:
Bitcoin
1. At resistance 59200-59600, you can place short orders, stop loss 59900, target 58700 → 58000 → 57700
2. After a pullback to 57700 area, if it stabilizes, lightly try long, stop loss 57400, rebound target 59000; do not blindly bottom-fish without stabilization signals.

Ethereum
1. At resistance 1600-1620, enter short orders, stop loss 1645, target 1570 → 1550 → 1510
2. If strong support appears below 1510, try long with small position, stop loss 1490, target 1560$BTC $ETH
BTC-1.08%
ETH-0.59%
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