Mr. Coin: 6.29 Bitcoin (BTC) Market Analysis Reference
Bitcoin is currently trading around 59300, having briefly dipped to a low of 58888 before a slight rebound, and is now fluctuating within this range. This is merely a minor rebound following a sharp decline and does not signify a trend reversal; the bearish structure remains unchanged. The Bollinger Bands are opening downward, with price near the lower band; the MACD remains in a weak zone below the zero line, while the RSI and KDJ have only slightly turned upward from low levels, with no significant volume support. Capital continues to flow out, and selling pressure still exists.
The upper resistance areas are at the psychological level of 60000 and around 60500, where it is easy for rebounds to face selling pressure and fall back. It is strictly forbidden to blindly buy with heavy positions hoping for a large rise, as this could easily lead to being swept out by sudden spikes. Short-term trading strategy: when rebounds hit resistance levels, consider lightly taking short positions, and only enter a very small long position if the price stabilizes above the support level of 58800 and indicators are simultaneously recovering. Once a break occurs, exit immediately.Stay tuned to Mr. Coin for real-time market analysis.
6.29 Bitcoin Short-term Reference:
Short below 61800-60800, with a stop loss at 64500, target below 60500
Long above 58300-57300, target above 58500, stop loss 500
Message delivery may be delayed; strategy suggestions are for reference only. The market changes rapidly; regardless of how accurate your market judgment may be, proper profit and loss management is essential. Take profits safely.
6.29 Ethereum Short-term Reference:
Short below 1605-1665, with a stop loss at 1870, target below 1600,
Long above 1510-1460, with a stop loss at 1360, target above 1580,
Message delivery may be delayed; strategy suggestions are for reference only. The market changes rapidly; regardless of how accurate your market judgment may be, proper profit and loss management is essential. Take profits safely.
For more real-time trading strategies, online technical learning, and assistance with exiting positions, you can follow the mentor's public account (Mr. Coin Talks) for addition: the first ten each day can receive complimentary strategies for exiting positions.
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