Saturday, June 29, Bitcoin Morning Market Insights
In the busy life, the weekend is always a bright color that is expected. When the first ray of sunlight in the morning shines through the gap of the curtains, it gently awakens the sleeping heart and starts a new day of brick-moving mode.
After a night of adjustment, the Bitcoin market has also fallen back to a certain extent. It rebounded after reaching the lowest level of 60,000 in the early morning and is now back to around 60,400. The market trend is still relatively weak. Yesterday's bearish short selling was perfectly harvested again. The short-term rhythm has formed a shock downward trend again. Pay attention to the support of the 60,000 mark in the short term. If it does not break, continue to maintain the range structure!
Judging from the current daily trend, the market is mainly oscillating, and the trend of long and short pulling back and forth is insufficient. The K-line forms a trend of alternating yin and yang. In the short term, it is still running in the short-term box structure, but the overall structure is still weak. In the 4-hour chart, there is another action of continuous negative stepping back. The current rebound is weak, but the trend is still within the range, so the operation is still to maintain the idea of rebounding and shorting.
On Saturday morning, it is recommended to short the big cake at 61000-61300, and the target is 59500-5900=59000.
On Saturday morning, it is recommended to short Ethereum at 3400-3430, and the target is 3350-3300.
Don't complain about the unfairness of fate, there is no absolute fairness in the world. But we have the right to choose. If the leader you choose can't lead you well, you might as well try another way. Maybe there will be unexpected surprises.