$BTC $58,792 $ETH $1,576 $SOL $75.51
Afternoon Close Review | July 1
BTC broke below 59,000 and closed at 58,792. During the day, it drifted lower from the morning around 59,600 all the way to the close, ending down 1.5% for the day. It’s been three straight down days, falling from 60,000 to 58,700. Volume is shrinking—this is a step-down on lower volume, lacking buy-side momentum. It’s not a high-volume sell-off. Watch the 58,500 support—this was the low before June 15. If it breaks, the next target is 57,000.
ETH at 1,576, and the ETH/BTC ratio is 0.0268, which is weak. SOL at 75.51 saw a slight rebound, but it doesn’t have an independent trend.
Today’s market:
① Korea’s KOSPI -2.04%, while Japan’s Nikkei is +0.59%—Asian markets are mixed
② DYDX fell from 0.21 in the afternoon to 0.197; profit-taking pulled out early ahead of the news
③ Burry shorts CAT, and discussion about AI valuation bubble heat is increasing
Strategy: Wait for BTC to confirm the 58,500 support. If it holds, try a small long position with light sizing, and set a stop-loss at 58,100. If it breaks below 58,500, reduce exposure and stay on the sidelines, then watch for 57,000. Tomorrow morning, DYDX news will be released—be mindful of correlation risk. Keep position size below 30%.
Afternoon Close Review | July 1
BTC broke below 59,000 and closed at 58,792. During the day, it drifted lower from the morning around 59,600 all the way to the close, ending down 1.5% for the day. It’s been three straight down days, falling from 60,000 to 58,700. Volume is shrinking—this is a step-down on lower volume, lacking buy-side momentum. It’s not a high-volume sell-off. Watch the 58,500 support—this was the low before June 15. If it breaks, the next target is 57,000.
ETH at 1,576, and the ETH/BTC ratio is 0.0268, which is weak. SOL at 75.51 saw a slight rebound, but it doesn’t have an independent trend.
Today’s market:
① Korea’s KOSPI -2.04%, while Japan’s Nikkei is +0.59%—Asian markets are mixed
② DYDX fell from 0.21 in the afternoon to 0.197; profit-taking pulled out early ahead of the news
③ Burry shorts CAT, and discussion about AI valuation bubble heat is increasing
Strategy: Wait for BTC to confirm the 58,500 support. If it holds, try a small long position with light sizing, and set a stop-loss at 58,100. If it breaks below 58,500, reduce exposure and stay on the sidelines, then watch for 57,000. Tomorrow morning, DYDX news will be released—be mindful of correlation risk. Keep position size below 30%.