On June 28, the Crypto Assets market presented a complex situation. Bitcoin (BTC) is in a high-level fluctuation phase, with the overall trend still leaning towards long positions, but there is pullback pressure in the short term. The daily chart shows a contraction in Trading Volume and a price fall, suggesting that the market may be entering a Whipsaw phase. Investors should closely follow the potential bottom signals that may appear in July.
Looking back at yesterday's market, BTC hit a low of $106,356 and a high of $107,735, with a volatility range of $1,378 and an amplitude of 1.28%. Ethereum (ETH) fluctuated between $2,377 and $2,463, with an amplitude of 3.51%.
Today's BTC price is 107,325 USD. From a technical perspective, there is pullback pressure in the short term, but the long-term bullish trend has not changed. Macroeconomic policies, such as the advancement of the GENIUS Act, provide some support for Bitcoin prices. Market participation is relatively high, and recent trading volume has increased significantly, but caution is needed regarding potential shifts in sentiment that may arise from divergence between price and trading volume. The Relative Strength Index (RSI) is at a healthy level, indicating that the upward trend has not been broken.
The key resistance zone currently faced by BTC is between $108,200 and $109,200. A breakout of this range may challenge the highs of $110,000 or even $130,000. The support level is at $106,000 to $107,000, and if it falls below this, it may further test the strong support level at $105,000.
ETH is currently priced at $2,421. On June 27, the Ethereum daily chart showed a small bearish candlestick in a doji pattern, with trading volume comparable to the previous day, indicating that the market's long and short forces are temporarily balanced. The 30-day moving average continues to trend downward, suggesting that the market may continue to adjust weakly in the short term. The MACD indicator is below the zero line, but the downward momentum has weakened. If a bullish candlestick can be formed next, the MACD may create a golden cross, indicating an increased possibility of a short-term rebound.
The key resistance level for ETH is in the range of $2,475-$2,500, and a breakout may challenge $2,700-$2,800. The support levels are $2,350, the range of $2,300-$2,268, and a stronger support level at $2,000.
Overall, the Crypto Assets market is at a critical moment, and investors should remain vigilant, closely following market trends and potential breakout signals.
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On June 28, the Crypto Assets market presented a complex situation. Bitcoin (BTC) is in a high-level fluctuation phase, with the overall trend still leaning towards long positions, but there is pullback pressure in the short term. The daily chart shows a contraction in Trading Volume and a price fall, suggesting that the market may be entering a Whipsaw phase. Investors should closely follow the potential bottom signals that may appear in July.
Looking back at yesterday's market, BTC hit a low of $106,356 and a high of $107,735, with a volatility range of $1,378 and an amplitude of 1.28%. Ethereum (ETH) fluctuated between $2,377 and $2,463, with an amplitude of 3.51%.
Today's BTC price is 107,325 USD. From a technical perspective, there is pullback pressure in the short term, but the long-term bullish trend has not changed. Macroeconomic policies, such as the advancement of the GENIUS Act, provide some support for Bitcoin prices. Market participation is relatively high, and recent trading volume has increased significantly, but caution is needed regarding potential shifts in sentiment that may arise from divergence between price and trading volume. The Relative Strength Index (RSI) is at a healthy level, indicating that the upward trend has not been broken.
The key resistance zone currently faced by BTC is between $108,200 and $109,200. A breakout of this range may challenge the highs of $110,000 or even $130,000. The support level is at $106,000 to $107,000, and if it falls below this, it may further test the strong support level at $105,000.
ETH is currently priced at $2,421. On June 27, the Ethereum daily chart showed a small bearish candlestick in a doji pattern, with trading volume comparable to the previous day, indicating that the market's long and short forces are temporarily balanced. The 30-day moving average continues to trend downward, suggesting that the market may continue to adjust weakly in the short term. The MACD indicator is below the zero line, but the downward momentum has weakened. If a bullish candlestick can be formed next, the MACD may create a golden cross, indicating an increased possibility of a short-term rebound.
The key resistance level for ETH is in the range of $2,475-$2,500, and a breakout may challenge $2,700-$2,800. The support levels are $2,350, the range of $2,300-$2,268, and a stronger support level at $2,000.
Overall, the Crypto Assets market is at a critical moment, and investors should remain vigilant, closely following market trends and potential breakout signals.