Analysis of Bitcoin and Ethereum Market on June 29: Today’s Highlights of BTC and ETH

Market Review and Analysis

Yesterday, Bitcoin continued to fall, which was in line with expectations. The macro environment + fundamentals are still negative, and the market is still sluggish. The probability of further decline is high. Be defensive. Bitcoin and Ethereum will fall synchronously with Bitcoin. ETFs may start trading in early July. The positive news of ETH is almost exhausted. It is still not optimistic under the influence of the macro environment. In addition, the ecology on the ETH chain has been extremely sluggish recently. The GAS on the chain has fallen to 1. The overall situation is not optimistic. Be prepared for further decline. The cottage sector follows the mainstream to pull back synchronously. Today, SEC once again made trouble for LD0 and RPL, believing that the project is securities, and the pledge track has been implicated and fell overall. Pay attention to the subsequent development of fundamentals, such as Friends who have currencies in this track (SSV, ETHFI, etc.) should consider reducing their holdings to avoid risks.

Today's highlights

BTC: 1-hour and 4-hour levels are below healthy levels, and the daily level is below healthy levels. The impact of the macro environment is still there, the market is sluggish, and the fundamentals are still bearish. It is mainly wait-and-see. The upper resistance of the day is 61200-61700, and the lower support is 59000-69500. After today's slight rebound, the probability of continuing to fall is higher. Wait-and-see, watch more and do less

ETH: 1-hour and 4-hour average levels are below healthy levels, and the daily level is below healthy levels. The market is still not optimistic, and the chain is also sluggish. The upper resistance of the day is 3400-3430, and the lower support of the day is 3250-3300. After today's slight rebound, the probability of continuing to fall is higher, so wait-and-see is the main