Ma Qian Pao Chen Ping An Market Point Sharing BTC.ETH 6.1
Good evening, brothers. Currently, the Bitcoin monthly line has closed. If it falls below 106000, then if it cannot recover the key position of 106 this month, it is certain that it will start to retrace. Moreover, with the weekly line showing seven consecutive positive bars, there is a high probability of a deep correction. Still, don't fantasize about bottom-fishing in a downward trend; you will be caught by the market makers!
Back to the market, Bitcoin is currently facing resistance in its rise. Focus on the 103000 level in the four-hour chart; if it doesn't break this level, it will continue to test the positions of 104800-105600-106800. If it breaks below 103000, it will start to retrace with a short-term rebound expected at 102000-100500. The overall trend is bearish! Remember not to bottom-fish $BTC
As for Ethereum,
Currently, the trend line at position 2530 has also been broken, starting a downward retracement. In the four-hour chart, focus on the 2480 level; if it doesn't break this level, the market will continue to test positions of 2530-2555-2585-2625. If it breaks below 2480, it will start a retracement, watch the support at 2450-2400-2350 for a rebound!
In terms of intraday operations,
For those who have not entered short positions, continue to look for a daily level rebound in the 100000-101000 range. Similarly, for Ethereum, look for a daily level rebound in the 2400-2350 range. Set stop-losses with minimal loss and patiently wait for the right position!
Don't intervene until the position is right! Endure the loneliness to maintain the prosperity!
