After experiencing the waterfalls on June 20 and June 23, how should we assess the BTC and ETH market for next week?
BTC Weekly Prediction
In the past month, the BTC weekly K chart has primarily been in a bullish sideways movement, fluctuating between 102,200 and 108,800.
The daily K chart showed bearish golden K patterns from June 9-11 and June 16-17, with a decline of nearly 10,000 points.
Currently, it has broken below the key 4-hour level of 103,100.
In summary:
Next week, the key level of 102,700-103,100 will serve as a bearish trial entry point; this way, the stop loss won't be too large, and the profit potential will be greater, with risk smaller than reward.
Next week's movement reference:
Bearish trial entry point 101,500-102,700, stop loss 400 points, target looking at 99,000 to 98,000, break point looking at 95,000
ETH Weekly Prediction
This week, ETH had a low of 2,155 and a high of 2,680, with a fluctuation of 525 points.
On the daily K chart, bearish golden K patterns appeared on June 10-11, and it has been in continuous decline for 11 days, with a drop of nearly 580 points.
The weekly K chart has been sideways for a month, consistently between 2,382-2,737. It has also broken below the 4-hour resistance level of 2,383.
The monthly K chart shows a clear bullish golden K, indicating a necessary correction for entry; I predict next month will still be a bullish market, expecting a breakthrough of 2,900.
However, next week will still see a correction, predicting a drop to the 2,000-1,800 point range.
In summary:
At the key level of 2,400-2,378 as a bearish trial entry point; this way, the stop loss won't be too large, and the profit potential will be greater, with risk smaller than reward.
Next week's movement ambush reference:
Bearish trial entry point 2,400-2,378, stop loss 30 points, target looking at 1,800 to 2,000, break point looking at 1,700
Make sure to set your stop losses!!! Safety first; small losses and big gains are the goal!!!
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