Yesterday, the crypto market maintained a weak consolidation, with the CPI data failing to provide any upward momentum. The situation between the US and Iran, along with the strengthening dollar and US bond yields, continues to suppress risk appetite.
$BTC fluctuated between 60600 and 62800, unable to hold above 62000;
$ETH failed twice to break the 1660 resistance, with 1600 now acting as the short-term line in the sand for bulls and bears.
The current core issue is the lack of incremental funds, as both bulls and bears are waiting for some news catalyst.
In the short term, keep an eye on BTC in the 60000‑63000 range and ETH in the 1600‑1660 zone. Until we see a breakout with volume, focus on high sell and low buy strategies while strictly managing positions, patiently waiting for a direction to choose.
$BTC fluctuated between 60600 and 62800, unable to hold above 62000;
$ETH failed twice to break the 1660 resistance, with 1600 now acting as the short-term line in the sand for bulls and bears.
The current core issue is the lack of incremental funds, as both bulls and bears are waiting for some news catalyst.
In the short term, keep an eye on BTC in the 60000‑63000 range and ETH in the 1600‑1660 zone. Until we see a breakout with volume, focus on high sell and low buy strategies while strictly managing positions, patiently waiting for a direction to choose.