6.26 Friday ETH Morning Thoughts Today ETH maintains a weak oscillation, with prices hovering around $1550-1560, a 24-hour drop of 3%-5%. After an intraday high of $1660, it fell back to a low of $1530; the weekly decline is 7.4%, with a retracement of over 12% from the high of $1849, marking the end of the rebound. Market bearish sentiment is strong, with $1.46B in liquidations across the entire network in 24 hours, a large number of long positions being cleared, and the ETH/BTC ratio dropping to 0.0267, showing significantly weaker performance than Bitcoin. The decline is driven by multiple bearish factors overlapping: hawkish remarks from the Federal Reserve pushing up the US dollar index and US Treasury yields, weakness in US tech stocks dragging down risk assets; coupled with large option deliveries today, institutional reductions in positions accelerating the downturn. From a technical perspective, the bearish trend is clear, with daily moving averages fully suppressing prices. The RSI's brief oversold condition only brought a small repair, not a reversal signal. The overall market is bearish, with limited strength in oversold bounces and heavy selling pressure above. Trading suggestion: Short at 1560-1580, target 1510, and if broken, expect 1470. $BTC $ETH $SOL

6.26 Zhaoying Morning Big 🫓: Weak rebound, shorting at highs remains the main theme Yesterday, bears dominated the market. During the day, it consolidated in a narrow range. After the US stock market opened in the evening, prices surged and then fell back. Immediately, bearish momentum was released intensively, leading to a deep plunge. The low accurately touched the 580 line, highly consistent with previous predictions. This wave successfully captured nearly 3000 points of 🈳 space. After the sharp drop, the market entered a brief corrective rebound. Although prices briefly tested the 60,000 mark, subsequent buying was clearly insufficient, and the upward momentum lacked sustainability. From the K-line pattern, the overall structure remains weak in a downward oscillation. Each small retracement is accompanied by a deeper pullback, with highs and lows gradually moving lower. In the short term, there is no basis for a reversal, and shorting with the trend is still the safest choice. Morning operation reference: Watch for resistance near 600 and 606 on the rebound. You can enter short orders in batches. The primary downside target remains support at 580. If 580 is effectively broken, the downside 🈳 space will further open, and the subsequent target can be seen in the 570-560 range. $BTC $SOL $ETH #BTC下探60000美元关键关口 #预测市场交易量创历史新高 #美光市值超越Meta跻身全美前十

Last night, the market dropped again to around 58,000, and the overall trend was basically in line with yesterday's judgment. The current market is still very weak, failing to firmly reclaim even 60,000, indicating that the rebound momentum is clearly insufficient and bears remain in control. From the current trend, the market is still in a downward channel, with no clear signs of stabilization for now. Therefore, today is likely to remain mostly volatile and weak. In terms of contract strategy, I personally still favor shorting on rebounds, waiting for a bounce before positioning, rather than blindly chasing shorts at low levels. As for when a real bottom will form, as previously mentioned, I will first focus on the 55,000 area to see if an effective bottom can be established there. If there is subsequent volume-based stabilization, then consider whether there is potential for a phased rebound; otherwise, further downside risks must still be guarded against. Now let's look at the current market data: 1. The fear and greed index has dropped to 12, which is in the extreme fear zone, indicating that market sentiment remains very poor. The liquidation heatmap of the past 7 days also shows shorts clearly dominating, and the overall shorting sentiment is still quite strong. 2. In terms of institutional funds, yesterday's crypto ETF net outflows were about $450 million, indicating that institutions continue to reduce positions and hedge, showing a short-term lack of optimism for the market. 3. In options, BTC's max pain point is at $71,000, with a notional amount of about $9.24B; ETH's max pain point is at $2,000, with a notional amount of about $1.58B. 4. For funding rates, BTC's average 8-hour rate across the entire network is +0.002%, slightly positive but nearly zero, indicating weak bullish sentiment. ETH's average rate across the network is -0.0033%, with major exchanges mostly negative, showing stronger bearish pressure and a market leaning more toward shorting ETH. Today's key support levels to watch: BTC around 57,000, ETH around 1,470, and SOL around 62.5. Overall, the market has not shown clear signs of stabilization. Institutional capital continues to flow out, market sentiment is extremely fearful, and it is still recommended to be cautious in short-term operations. Before the trend truly reverses, try to trade with the trend and avoid rushing to buy the dip just because of the large drop. $BTC ‌$ETH ‌$SOL ‌