Yongle'sNewExpedition

Bitcoin continues its bearish trend, with the probability of breaking below the 60k level still relatively high. The only variable is tonight's CPI data; if the figure is below 3.8%, a trend reversal may be possible. The current overall downward trend is clear, and various technical indicators further confirm that the decline will continue.
This small rebound is not a trend reversal; caution is advised against false signals. The rebound mainly relies on the historical long orders formed in the 61,616-60,750 range at 9:00 on June 7, which provided support, causing the price to temporarily rise.

Bitcoin's first target has been reached at the 61,100 level, with a maximum gain of 2,700 points so far! Although there was a rebound in the early morning within the small range, the four-hour timeframe remains strongly bearish. Falling below 60,000 again is inevitable #btc

Currently, the cryptocurrency market is facing a convergence of a series of bearish factors, and there is a high probability that the price will break below the $60k level. The specific analysis is as follows:
1. The order book shows a significant accumulation of sell orders, while buy orders have sharply decreased;
2. ETF funds continue to flow out net, with 14 consecutive trading days of net outflows, totaling approximately $4.4 billion, setting the longest record since the product was launched in January 2024. In the first week of June alone, net outflows exceeded $1.4 billion, indicating t

Yesterday, Ethereum experienced a short-term rebound, and the bulls began to attempt stabilization and a counterattack.
But from the one-hour timeframe, multiple attempts above 1700 have not stabilized, and this morning it was quickly pressured near 1714 and retreated.
From the four-hour cycle structure, the larger downward channel has not yet been broken, and the overall bearish trend has not been fully reversed.
Additionally, from the short-term rebound structure, there is a certain resistance zone above 1700.
If the price cannot stabilize above this level within the day, this round

Based on the one-hour Ethereum chart, the price experienced a surge and pullback in the morning but failed to launch another attack above the 1600 level. Instead, the current price has moved to near the middle band of the key support Bollinger Bands. Combined with MACD indicator analysis, it is not difficult to see that a bearish divergence has already appeared. If the price later breaks below the middle band of the Bollinger Bands as support, it is highly likely to give back all of today's gains.
Ethereum reference: short at 1662, target 1592, stop 30#b
btc#eth

Based on the current one-hour level of Ethereum, around the 1503 bottom, a rounded bottom structure has been forming over the weekend. From the short-term MACD indicator, the bullish volume has not decreased. I personally believe this rebound is not yet over, and it will at least go above 1730.
Short-term reference: above 1680, target 1730, stop loss 30 points #btc #eth

Ethereum has recently fallen below 1550 two or three times, but has ultimately held temporarily. Currently, it has reached a very critical 4-hour Bollinger middle band resistance level, after nine consecutive failed tests earlier. Let's see if it can break through and stabilize this time. If it can hold, there is a chance for a rebound; if not, it will continue to retrace.
Ethereum reference: short at 1634, target 1584, with a 30-point stop loss #btc #eth

Next week's major event is about to land, with President Puda set to begin his visit to China, which could become a key turning point in the US-Iran situation and negotiations.
Before the positive news related to US-Iran negotiations is confirmed, if Bitcoin can hold steady above the 75,300-75,800 support zone, the overall trend has not fully weakened, and there is still room for a rebound and upward movement. If this support level is effectively broken, even with subsequent positive developments in US-Iran negotiations, the market will find it difficult to recover.
This geopolitical positive

Ethereum scored 60 points, the target was wrong 😅 Careful partners probably all know! Just collect it.

Yesterday, Ethereum generally maintained a range around 2300, initially staying above 2300.
As the 2300 level was broken, the market experienced a rapid decline to shake out weak hands, and after retracing to a low near 2203 during the session, it gradually stabilized and recovered.
During this process, bullish traders collectively released panic, and a large amount of floating capital was washed out.
Currently, it appears that over the weekend, the market will continue its previous oscillation trend.
This round of decline has already broken the recent upward structure.
From a person

Ethereum currently, on an hourly basis, has broken below the 2300 level, with the lowest reaching 2233. According to current indicators, the Bollinger Bands' three lines are slanting downward, and the middle band is firmly acting as resistance. The MACD indicator's bearish momentum continues to expand, showing a tendency to continue making new lows. Do not blindly chase the rally.
Ethereum: Short at 2245, target 2185. Defensive 30 points #BTC #ETH

ETH early morning price retreated to around 2255, but then the market quickly recovered. Currently, on the hourly chart, the price has broken through the middle band of the Bollinger Bands and has once again moved around 2300. According to indicators, the MACD bullish momentum continues to expand, and combined with liquidation data, the chip accumulation area above 2350 is evident. Therefore, in the short term, once a rebound begins, it will be quite strong, at least breaking through the chip area above 2350. After that, it will start accelerating to test the upper edge of the large triangle n

Yesterday's announced CPI exceeded expectations, causing a decline in the US stock market, and the crypto market dropped even more sharply.
ETH share 2330 short position currently taking profit in the 70-point range! Patience in holding will eventually pay off!
Currently, the recent trend has been fluctuating narrowly between 2200-2450 for the past month.
Once it effectively breaks below this range, it will lead to a significant decline.

Bitcoin's current key resistance level is around 83.2k yuan. At this point, it’s no longer just an ordinary resistance level; it’s more like the "graduation exam" for this round of rebound channel. Previously, BTC climbed slowly along the upward channel from the 60k yuan area after a sharp decline. Although there was some hesitation in the middle, the overall structure is quite healthy. The lows are continuously rising, and the highs are gradually moving upward, indicating that funds haven't truly exited but are repeatedly rotating within the consolidation. Especially recently, the price has b

Sunday's pump is really rare. Ethereum directly liquidated the short positions around 2380 in the early morning. This move was entirely to clear the liquidity above and caused the price to rise. Now the price has returned to the support around 2320. I think the overall market is a classic trap to lure buyers, and the ultimate trend is definitely downward! Currently, if the four-hour chart breaks below the middle band support, this retracement will likely accelerate again.
Ethereum reference: Short at 2330, target 2260, stop 35 points #BTC #ETH

Ethereum small-level currently shows signs of bottoming out, with a W-shaped bottom pattern. Continuous consolidation around 2315 indicates that buying pressure is still quite strong. I personally think there will be a short-term rebound. The resistance line above is focused on the 2280–2400 range. In the short term, we should watch for a rebound trend.
Ethereum: long at 2330, target 2430, stop loss 41 points