Evening of June 30th: Thought Analysis and Trading Suggestions

Thought Analysis and Forecast:
BTC continued its bearish downward trend throughout the day. After rebounding to around 60025, it failed to firmly hold the 60000 level, then oscillated and fell back, reaching a low around 58160 in the evening. It is currently consolidating around 58500. From the 30-minute structure, highs and lows are continuously lowering, the bearish trend remains unchanged, and the rebound strength is clearly insufficient, indicating that bottom-fishing funds in the market are still cautious. ETH weakened in tandem, peaking around 1602 then falling all the way to a low near 1549, subsequently oscillating and recovering around 1570. Its overall trend remains weaker than BTC. On the news front, the market continues to focus on important US economic data this week, changes in Fed rate cut expectations, and spot ETF fund flows. However, there is a lack of new bullish catalysts in the short term, market sentiment remains cautious, and funds are more inclined to wait and see. Technically, the BTC 60000-60500 area has shifted from previous support to short-term resistance, and the ETH 1600-1620 area also has strong selling pressure. Without a clear breakout on volume, the overall structure remains bearish. If the rebound tonight lacks volume, further downside is expected. The trading strategy remains to short on rebounds.

Trading Suggestions:
BTC: Short near 60000-60500 on rebound, targets 57500, 56500.
ETH: Short near 1600-1620 on rebound, targets 1540, 1500. $BTC $ETH

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