Coin Circle Mr. Coin: June 30 Bitcoin (BTC) Market Analysis Reference
Bitcoin’s market yesterday continued to consolidate. Any upside is being resisted around 60,800, and the price has entered a range-repair phase. The current choppy structure has not changed. The price has been probing back and forth around the 60,000 area. At around 60,200, it has stabilized within a trading range. After dipping to test the 58,000 support, it showed a repair rebound. This is essentially a “bottoming and repairing” phase following a major drop. As of now, a strong one-way trend has not started.
From a technical indicator perspective, on the short cycle, MACD remains with red bars and bullish repair momentum is still online. However, the KDJ indicator is approaching the overbought zone, which increases the risk of chasing; it can easily be followed by a short-term spike and then a pullback. The Bollinger Bands are gradually tightening, with volatility narrowing. The main theme is tug-of-war between bulls and bears. Range consolidation is the core pattern right now. Today’s high around 60,800 is the first short-term strong resistance. Only after a breakout with sufficient volume and sustained hold can there be a chance to push toward the area above 62,000. On the downside, 59,500 is the key short-term support. If it breaks, the price is likely to further retest lower levels and return to weakness. On the hourly chart, the moving averages are running relatively smoothly. Price oscillates between 58,800 and 60,500. We expect the consolidation to continue for some time. The trading idea is to keep “go long when low, short when high.” For a more prudent approach, operate in the direction of the trend after the price breaks out of the range. Follow Mr. Coin—I'll analyze the market in real time.
June 30 Bitcoin short-term reference:
61800-60800 range trending south; defense at 64500; stop-loss 500 points; target below 60500
58300-57300 range trending north; target above 58500; stop-loss 500
The chart message may be delayed. The strategy suggestions are for reference only. The market can change in an instant. No matter how well you think you’ve grasped the situation, make sure to set your take-profit and stop-loss orders properly. Lock in profits and stay safe.
June 30 Ethereum short-term reference:
1625-1685 range; defense at 1870; target below 1600
1480-1540 range; defense at 1360; target above 1580
The chart message may be delayed. The strategy suggestions are for reference only. The market can change in an instant. No matter how well you think you’ve grasped the situation, make sure to set your take-profit and stop-loss orders properly. Lock in profits and stay safe.#BTC #ETH #ETH（二饼）
Bitcoin’s market yesterday continued to consolidate. Any upside is being resisted around 60,800, and the price has entered a range-repair phase. The current choppy structure has not changed. The price has been probing back and forth around the 60,000 area. At around 60,200, it has stabilized within a trading range. After dipping to test the 58,000 support, it showed a repair rebound. This is essentially a “bottoming and repairing” phase following a major drop. As of now, a strong one-way trend has not started.
From a technical indicator perspective, on the short cycle, MACD remains with red bars and bullish repair momentum is still online. However, the KDJ indicator is approaching the overbought zone, which increases the risk of chasing; it can easily be followed by a short-term spike and then a pullback. The Bollinger Bands are gradually tightening, with volatility narrowing. The main theme is tug-of-war between bulls and bears. Range consolidation is the core pattern right now. Today’s high around 60,800 is the first short-term strong resistance. Only after a breakout with sufficient volume and sustained hold can there be a chance to push toward the area above 62,000. On the downside, 59,500 is the key short-term support. If it breaks, the price is likely to further retest lower levels and return to weakness. On the hourly chart, the moving averages are running relatively smoothly. Price oscillates between 58,800 and 60,500. We expect the consolidation to continue for some time. The trading idea is to keep “go long when low, short when high.” For a more prudent approach, operate in the direction of the trend after the price breaks out of the range. Follow Mr. Coin—I'll analyze the market in real time.
June 30 Bitcoin short-term reference:
61800-60800 range trending south; defense at 64500; stop-loss 500 points; target below 60500
58300-57300 range trending north; target above 58500; stop-loss 500
The chart message may be delayed. The strategy suggestions are for reference only. The market can change in an instant. No matter how well you think you’ve grasped the situation, make sure to set your take-profit and stop-loss orders properly. Lock in profits and stay safe.
June 30 Ethereum short-term reference:
1625-1685 range; defense at 1870; target below 1600
1480-1540 range; defense at 1360; target above 1580
The chart message may be delayed. The strategy suggestions are for reference only. The market can change in an instant. No matter how well you think you’ve grasped the situation, make sure to set your take-profit and stop-loss orders properly. Lock in profits and stay safe.#BTC #ETH #ETH（二饼）