Gu Jingci: Bitcoin/Ethereum Continues to Fluctuate Narrowly on June 29th; Market Turning Point Imminent

Bitcoin/Ethereum has been a consistent strategy of buying on pullbacks over the past few days. The buy orders placed in the morning around 59000-59300 and 1550-1565 reached 60750 and 1595 respectively in the evening, resulting in decent overall gains. I believe many people have been repeatedly bearish, anticipating a sharp drop, and expecting a significant decline. Many should know that we were also bearish initially, but the recent pullbacks after the rapid decline have allowed us to buy, yielding considerable gains. Currently, the overall trend is indeed weak, with four consecutive days of low-level consolidation since the rapid drop, characterized by multiple rallies followed by pullbacks. A further break below the lows of 58000 and 1500 could lead to even greater declines. Furthermore, the inability to break through resistance levels during rebounds strongly suggests a continuation of the downtrend. The key to short-term movement lies in whether a breakout occurs in the next two or three trading days. However, before a breakout occurs, we remain bullish on pullbacks, regardless of whether the breakout is upward or downward. Once a breakout occurs, we can follow the trend directly. The key resistance levels to watch are 61000 and 1620. A breakout above these levels will likely lead to further gains, and the same applies to a decline. Evening trading suggestions: Bitcoin: Continue to buy around 59000-59500, with a target of 61000-62000; Ethereum: Continue to buy around 1550-1570, with a target of 1620-1650. If a breakout occurs, we can follow the trend directly.