6.26 Friday Midday Market Analysis


Bitcoin's daily chart shows three consecutive bearish candles, hitting a low around 58100. Currently, the price is in a low-level consolidation phase. The short-term bearish momentum is relatively strong. In short-term trading, maintain a bearish trend approach. The short-term resistance is around 61000. The bearish trend is extremely consistent, continuously declining after breaking support, with no effective rebound throughout, indicating a complete lack of bullish support.
Currently, the market has slightly rebounded, but it is only an oversold technical repair after the sharp decline, not a stabilization and reversal. This weak correction is merely building momentum for bears; after the repair, a new round of decline will begin. The overall trend remains bearish-dominated, so resolutely sell on rallies.
BTC Trading Suggestions: Short at 60000-60500, targets 59000-58500; near the new low below, you can reverse to go long.
ETH Trading Suggestions: Short at 1570-1600, targets 1520-1500; near the new low below, you can reverse to go long.
BTC-0.34%
ETH-0.22%
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