BTC/ETH Market Analysis on June 30, 2025, 10:08 AM
On this night, 1.4 billion CNY vanished into thin air, and 73,163 people went bankrupt to zero. During this recent period of market sluggishness, having such high liquidation amounts and numbers over the weekend is no small feat!
The weekend market is indeed boring with not much to say. Some small altcoins had a brief surge, and those with some chips could make money. Those without chips missed their chance; in this suppressed market, don't rush or panic!
BTC Focus
Support 104757/103055/100300
No pressure set for now
Currently, Bitcoin is consolidating around the 108500 line, with the nearest support and resistance points being 107507/109500. There is sufficient upward momentum at the moment. Since we've reached this point, let's wait and see how the market behaves around 109500 to gauge the bullish and bearish strength, or whether there’s a significant drop around 108500 during the morning session to decide whether to take action!
ETH Focus
Support 2403/2343/2285/2215
No pressure set for now
2403 is our long-term support level, but we didn't expect this level to be so strong from last year to this year. As long as we are given the opportunity and maintain patience, we should not incur losses. Each time it reaches this level, strong bullish forces intervene and push back. If it follows Bitcoin's high-level continuous oscillation and stabilizes, with bulls gradually gaining strength, a new wave of rebound will be brewing! Keep an eye on the volume changes at high levels!
In terms of operations: For spot trading, look for particularly good trending tokens from previous hot spots, use a small position to catch some swings; for contracts, focus mainly on BTC/ETH/SOLDOGE/LTC and avoid trading altcoin contracts as their volatility is too high, essentially equivalent to spot trading already having leverage!
On Monday, consider lightly testing small shorts if there is a rise or a minor double top, but don’t chase highs for now since Bitcoin has not yet broken through and stabilized above 109500, and Ethereum has not stabilized above 2542 either. Therefore, pursuing long positions on a breakout is temporarily ineffective; the key resistance points are consolidating below, so only consider lightly testing short positions to find opportunities!