Yueying: Bitcoin and Ethereum Market Analysis for June 30th - Beware of Another Plunge Tonight (with Short-Term Strategy)

Bitcoin's daily chart shows a false break below 59,000 followed by support at the lower Bollinger Band, resulting in a doji candlestick. Intraday, it rebounded at the open, tested the 7-day moving average, and then closed with another upper shadow candlestick. The Bollinger Bands are widening, short-term moving averages are trending downwards, the MACD fast and slow lines are downwards with increasing green histogram bars, the KDJ is extending downwards, watch for resistance around the 100 level, and the VR indicator is consolidating around the 40 level. The 4-hour chart shows the price oscillating weakly in a small range at low levels. After touching the upper Bollinger Band at 60,000, it formed a long wick and is currently trading near the lower Bollinger Band. The Bollinger Bands are narrowing and flattening, short-term moving averages are trending downwards, the MACD fast and slow lines are downwards with decreasing volume, the KDJ has turned and crossed downwards, watch for resistance around the 50 level, and the VR indicator is consolidating around the 80 level. Overall, the rebound is limited, the upper resistance has not been tested, and the market remains weak. There are still many calls for bottom-fishing, but there's still a long way to go before a true bottom is reached. Our recent view remains unchanged: focus on intraday short-term trading, waiting for support and resistance levels to break through. In a bear market, only utter despair will reveal a true bottom. In the short term, watch for resistance around 61500 and support at the previous low of 58000. A break below this level seems likely, so shift your focus to the 56600 area. For short-term trading, see the following suggestions: Bitcoin: Buy at 57100, Sell at 60800 (Take profits as needed). Ethereum hasn't broken 1500 and is currently testing a small range above it. Technically, it follows Bitcoin's lead, and there's a possibility of a false breakout followed by a rebound. Therefore, watch for support around 1450 and resistance around 1650. For short-term trading, see the following suggestions: Ethereum: Buy at 1480, Sell at 1630 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying.