If 58000 is once breached and fails, the shorts may end up slaughtering the whole market!
This current level is definitely not just a simple support test; it’s the life-and-death line of the weekly Fibonacci 0.618.
The main forces of both bulls and bears are repeatedly locked in a tug-of-war here.
But every time the price bounces, the highs are clearly drifting lower in plain sight.
This is a typical pattern of resisting decline, with bullish power being gradually exhausted.
And on the four-hour timeframe, the MACD has already formed bottom bullish divergences three times, yet the price still hasn’t been able to effectively reclaim the resistance.
Such divergences are often broken through directly by a single large bearish candle.
Below, the 58000–57800 zone is the last shred of dignity.
If it holds, there’s still room to catch one’s breath and carry out a technical repair.
If it fails, then supports like 57500 and 56800 are basically meaningless in the face of panic selling.
Above, resistance is stacked layer upon layer—60900 to 62300 is an overhead pressure zone that feels out of reach.
In terms of trading: short-term players can keep a close watch on this key area for defense and counterattack, but for the bigger picture, please stay in awe.
The market is always right—don’t fight the trend.
Lately the chart has been stuck in a sideways grind, so I can only scrape together small swings; yesterday’s Ether long order continues to be taken down with #原油价格下跌
$ETH This 1585— the key level that was shouted hoarse over last week with repeated emphasis
Now, at last, there are signs of a breakout on the smaller timeframes
So the main forces are about to do something?
On the smaller timeframes, there’s value in the long/short game.
But remember: this is only “a rebound to watch,” not “a reversal.”
There’s heavy resistance above waiting.
Any long position—no matter what smaller entry price you get in at—your stop loss must be set firmly below 1540. That’s the line in the sand. If it breaks, admit defeat and exit immediately—never hold and “carry” the position.
The target first looks to the 1620–1650 resistance zone. When it reaches there, reduce positions in batches—don’t be greedy.
Also pay attention: around 1600, the short side is eyeing it closely. If the rebound happens on shrinking volume, it could face rejection and drop again at any time.
The bigger structure remains bearish. On the smaller timeframes, only do short-term scalping/mean-reversion—don’t dream of a big bull run. #比特币跌至59250美元
$BTC This week’s macro news barrage has been dense and relentless,
the main force will most likely use the news to shake the market, so when trading make sure to play it low-key and focus on growth—don’t let your emotions take you off course.
On the chart, the 59500 level is extremely delicate.
If today’s 4-hour close can firmly hold above it,
then the short-term rebound structure can be considered to have formed at least initially.
Above, around 60700, 61800, and even 63240, there will likely be another wave of short-sellers’ ambush zones.
But if even 59500 can’t be touched,
then it means the bulls are posturing—rebound quality will be very poor.
In that case, you should be alert for another deeper dip.
Below, 57800 and 56500—these key support levels—are the ones truly worth watching for adding long positions.
Currently the market is stuck in a moving-average convergence state.
The direction is about to be decided; for execution, it’s recommended to test with a light position.
Near overhead resistance, place sell orders in batches; if the lower support band isn’t broken, then only use a small stop-loss to try adding longs.
Lately the market has been stuck sideways and numb—so you can only trade and scalp small swings. Yesterday’s ETH short spot/position—continued holding and taking profits.
Don’t be fooled by how the US stocks are rallying—over in crypto, it’s still mostly down more than up. The rebounds are weak and limp, and every push higher is a bull-trap.
Right now, price is still tightly stuck inside the downtrend channel. Don’t rush to bottom-fish.
The key question is one thing: where is the real bottom?
And when will volume confirm stabilization?
That’s what will determine the fate of July.
So today, my strategy remains unchanged: continue to favor shorting on rebounds.
BTC: watch the 60,000 level—this is the hurdle.
ETH: keep an eye on 1,620.
For execution: short at the high for intraday, but don’t be greedy with profits—take what you can and get out.
At this spot, the probability of a squeeze that punishes both longs and shorts is high.
July’s game is just beginning—stay steady. We can win.
Yesterday, the ETH short was a small bite too. Today’s setup continues to wait for the right position!! 🤔 #原油价格下跌
On the 1-hour chart, this huge-volume bearish candle basically dumped a bucket of ice water straight onto the bulls!
Last night it surged up to 60666 on the upper Bollinger Band, looking like a breakout was coming—turns out the bulls instantly went limp.
One big bearish candle smashed through 60000.
The dividing line between bulls and bears was broken just like that: the channel has flipped directly from long to short. Right now it’s clinging below the middle band, barely hanging on.
That rebound’s volume isn’t even enough to fill a gap in your teeth.
After the KDJ stays overextended and dulls, the death cross opens its mouth—J plunges straight down like a diving athlete. The bulls’ momentum has completely changed hands. The high-level trapped positions haven’t even been fully cut yet, and the selling pressure hasn’t been released cleanly.
Even more ruthless is the candle structure: consecutive large bearish candles with a progressive series of fresh lows. Each rebound is weaker than the last. This isn’t a pullback at all.
In terms of trading, don’t rush to bottom-fish. If it rebounds into that overhead congestion zone of buy/sell orders—60800 to 61500—that’s a perfect opportunity handed right to you.
Remember: in a grinding down market, steady declines are the most lethal #道指收创纪录新高
$BTC Last night that injection—does it hurt when it gets you?
This order book… it’s definitely a long vs. short “blade fight.”
On the technical chart, that four-hour bullish candle looks quite energizing, but please zoom in on the K-line chart.
Are those upper wicks that make people’s hearts race just for show?
Every time they try to push upward, the shorts pin their heads down and smash them lower—sell pressure overhead is heavy like a mountain.
What does that mean?
It means the main force hasn’t really decided to get to work yet. Right now it’s more like “probing,” sweeping back and forth to liquidate stops and shake out anyone not坚定.
At this current level, the bulls clearly lack confidence. When it rallies, there isn’t enough sustained momentum.
Overall, it’s still in the painful stage of consolidating and hammering out a base at the bottom.
In this kind of choppy market, the biggest taboo is chasing rallies or panic-selling. If you watch the 15-minute chart to find entry and exit points, you’re more likely to get slapped around.
For BTC, if above the 60,500 area it clearly fails to keep climbing and can’t stand firm for long, you can try touching the top with a small position.
For ETH in tandem with BTC, around 1,600 is a strong resistance zone. If you see signs of stalled momentum, when it pulls back, first watch the 1,500 level.
Remember: this isn’t about testing bravery—it’s about having patience.
At the moment, Bitcoin is still moving around at the daily level, with bulls and bears deadlocked at the 60,000 mark.
Looking closer at the altcoins, some have already quietly started to break out with volume, and sentiment is warming up.
But is this rebound a "true reversal" or just a fakeout?
Remember, if the big brother isn’t stable, even if the little brothers jump around, it’s still just a performance. Before chasing higher, check your own position first.
On the news front, as for the U.S.-Iran situation, signing an agreement is basically no different from not signing one, and the back-and-forth eye-rolling between the two sides will probably continue.
If there’s even a little bit of movement in this week’s negotiation details, oil prices and risk-off sentiment could quickly spread into the crypto market.
Today’s market will most likely still shake you dizzy, making it suitable for quick-handed short-term trades. Don’t be stubbornly bullish or stubbornly bearish.
Reference range: Bitcoin 58500~61000
Ethereum 1550~1650
Remember this: try longs when support doesn’t break, flip short when resistance doesn’t break, keep your stop-loss in place, and don’t fall in love with your orders. #道指收创纪录新高
I just took a quick look—1585 is still a level that hasn’t been broken yet.
It’s exactly the same as what I wrote on the blackboard yesterday.
For brothers looking to go long, just hold on a bit longer.
At least wait until the hourly line closes with the body firmly above 1585 before taking action—don’t rush in.
The liquidity zone below is 1530–1540. If it can’t hold, things will get very ugly.
The real high-pressure “minefield” above is at 1630. Its importance is like that 61,000 on the Big Pie—if you can’t break through, it’s basically pointless.
Personal suggestion: a pullback to around 1530 and holding there could be a small trial, but keep your position size tightly controlled, set a good stop-loss, and don’t get carried away.
If you see a low-volume surge in the 1610–1630 area above, then run—don’t be greedy for those few dozen bucks.
$ETH Is this Ethereum rebound for real or just a bull trap?
The 1630-1600 support zone has become the battleground for bulls and bears tonight.
If it holds, we might see a couple more bounces; if it breaks, we're heading straight for a waterfall!
The current market looks pathetic, struggling to even touch 1700 on this intraday bounce.
The upper range of 1690-1730 feels like a brick wall.
Every time we try to push higher, we get slammed back down.
I've seen this script too many times.
The longer the consolidation, the sharper the breakout!
For those without short positions, wait for a bounce to the 1680-1700 area; if you see signs of stagnation, you can take a light short.
Remember, right now Ethereum is weaker than Bitcoin; the rebound potential is limited, chasing highs is just throwing your money away. Wait for a sharp drop for a chance to scoop some profit.
Don't ask me if you can catch the bottom; until the trend reverses, every rebound is just creating opportunities for shorts. #比特币跌破彩虹图下限
$BTC This Bitcoin pullback isn't as straightforward as it seems!\n\nDon't just focus on the candlesticks\n\nThis round of retracement isn't solely the crypto market's fault; it was triggered by the weakness in the US stock market!\n\nThe S&P is teetering at high levels\n\nBig money is collectively reducing their risk exposure\n\nSentiment is spreading like a flu\n\nBullish confidence has been hit hard.\n\nRight now, the market is stuck at the lower end of the daily range, and any rebound feels as weak as a wet noodle.\n\nDon't think the low volatility means you can relax your guard\n\nThe longer the volume stays low, the more violent the shift will be.\n\nWhat about the institutions?\n\nThe ETF saw a net inflow of just $31 million yesterday, which is a drop in the bucket; the big players aren't rushing in—they're waiting for clearer signals.\n\nSo what's the rush now?\n\nWait!\n\nWait until the market truly finds its footing before making any moves.\n\nBTC at $61,000 and ETH at $1,600\n\nIf these levels hold, there might be a glimmer of hope for a bounce\n\nIf they break down? Well, there's more grinding ahead.\n\nIn this market, it's better to hold back than to rush in. Either wait for a solid entry to go long or jump in when there's a breakout with volume; the middle ground is full of traps. #SpaceX股价下跌
Wake up, that's just the last twitch of buying pressure before it flatlines!
Check out this data—ETFs have been bleeding out for four straight days, and the Nasdaq semiconductor sector is cratering like crazy, with outside funds fleeing faster than rabbits.
That June 26th hundred billion options expiration is like a knife hanging over our heads; if the shorts don't press down hard now, when will they?
Are they just waiting to hand you cash?
Listen up, contract traders, don’t drool over tiny rebounds like they're gold.
Up at 63,100, there’s already three layers of resistance locked down; if we see volume break through 62,000, the leverage positions could blow up right on the spot—can't even bear to watch that scenario.
Remember, sideways action is poison; once it ends in consolidation, it’s a knife.
Don't ask where the bottom is; first, think about whether your margin is thick enough.
In this market, it's better to miss out than to make a mistake. #纳斯达克跌2.2%
$BTC Nasdaq tanked, is Bitcoin getting dragged down too?
But at 62200, are the whales playing a 'fake-out' strategy?
Guys, individual stocks in the US are crashing 10%, and Bitcoin's classic pattern of not rising when it should is back at it.
But take a closer look
The 62200 level has been tested three times now.
Yesterday it dipped but was quickly pushed back up, a classic 'wick' pattern!
As long as this level holds, there's still a chance for a bounce.
Looking deeper, on the daily chart, 60000 is a double morning star bottom from February 6.
Do you think the whales would let such a carefully crafted candlestick pattern break easily?
In terms of strategy, here’s the real talk for you guys: in a choppy market, fake breakouts followed by a short are the most reliable, while real breaks followed by a rebound to go long are the safest.
Within the current range, don’t be cutting in and out too often; wait for edge signals before making a move.
If 62200 holds, consider testing the waters with a long position. If it doesn’t hold, wait until around 60000 to scoop some up. #美国国会通过法案禁止美联储发行CBDC