Bitcoin, Ethereum Evening Market Analysis on July 1

Looking at the one-hour chart trend, Bitcoin's highs have been gradually declining, with insufficient rebound strength. The short-term bearish pattern remains solid, and all current upward movements are merely technical fill-ins after an oversold condition. Although the MACD indicator forms a golden cross at a low level, showing a slight recovery, the dual lines of the indicator are still running below the zero axis, with very limited bullish power. It is difficult for prices to completely reverse the downtrend.

Trading Strategy

Bitcoin: After the price rebounds to the resistance range of 59000-60000 and faces resistance, you can enter short positions. First, look at the 58500 target level. If the market effectively breaks below this level, you can continue to look toward the 57000 area.
Ethereum: The upper resistance range is locked at 1580-1630. When the price touches the resistance level and pulls back, you can short. The first take-profit point is 1550. Once this support level is broken, further downside space will open, with a target of 1480. #特朗普披露持有超1亿美元BTCETH $BTC