Limingyang 6.2 Early Morning BTC/ETH 1-Hour Chart Market Analysis & Trading Strategy

BTC (Current price 71,652.2, high 74,248.8, low 70,671)
Overall on the hourly chart: After a previous surge to 74,248.8, it has been continuously trending downward, with a short-term rebound after testing the bottom at 70,671 on 06-01. The larger cycle is bearish, and the short-term has entered a low-range consolidation, with heavy resistance above and a short-term support level formed at the lows below.

ETH (Current price 1,994.22, high 2,036.7, low 1,955)
The hourly trend is synchronized with BTC. After falling from 2,036.7 to the low of 1,955, it experienced a short-term rebound. The daily downward trend remains unchanged, with the hourly chart oscillating within a low-range box, locked between 1,955 and 2,037.

Commonality: Both are in a low-range correction after a sharp decline, with no breakout signals. The trading approach should focus on range-bound trading.

Long entry points: 1962~1970, near the previous low support at 1955, go long at the low end.
Stop-loss: 1952, below the recent low, breaking the consolidation structure, exit to cut losses.
Take profit in two levels: first at 1998~2005, second at 2028~2035.

Short entry points: 2025~2033, touching the previous high resistance zone for shorting.
Stop-loss: 2042, above the start of this decline at the recent high, invalidating the bearish trend.
Take profit in two levels: first at 1995~1988, second at 1965~1958.

Long entry points: 70,900~71,100, relying on the 70,671 support for short-term longs.
Stop-loss: 70,620, below the bottom support, if broken, exit.
Take profit in two levels: first at 71,900~72,100, second at 73,200~73,500.

Short entry points: 73,300~73,600, short at the intermediate resistance during the rebound.
Stop-loss: 74,320, above the recent high of 74,248.8, invalidating the short trend.
Take profit in two levels: first at 72,000~71,700, second at 71,100~70,750.

Both larger cycles are still in a correction after a decline, with short-term priority on high sell and low buy within the range. Do not chase breakouts until confirmed; maintain a range-bound mindset until a clear breakout occurs. If BTC breaks below 70,671 or ETH below 1,955, it indicates a downward breakout of the range, pause long positions and follow the trend to short. If prices break above their respective resistance and stop-loss levels, pause shorts and switch to short-term longs. Cryptocurrency volatility is intense; position sizes should be kept light, with strict stop-loss controls to manage risk. Personal analysis‼️ Not investment advice $BTC