🚗6.3 Daily Market Insights.🚗
$BTC Insight:
This wave of major cryptocurrency's rise is purely driven by the secondary cryptocurrency being forcefully pulled up; the major cryptocurrency originally didn't want to rise. However, the secondary cryptocurrency kept pushing the major cryptocurrency, and it rose half-heartedly. Additionally, many who went short became fuel for the major cryptocurrency's rise.
The major cryptocurrency's volume broke through 105659, with the hourly closing price staying above 105659, leading to right-side long positions and stop-loss on breakouts.
105288's volume broke down, and unable to recover on the pullback led to right-side short positions, with stop-loss on recovery. Pay attention to volume changes and maintain good stop-loss.
105109 faked a breakdown, allowing for light long positions, with stop-loss at the faked breakdown low or below 104556. Don't go long if it doesn't recover.
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If the major cryptocurrency can break through and stabilize at 106407, it will continue to challenge 107379-107903. The position at 106407 is crucial; whether the rise can continue depends on the breakthrough at 106407.
For short positions, watch for a 2b false breakout at 107128 above the major cryptocurrency, with stop-loss on stabilization at 107936.
Conservative players wait: long at 103866, with stop-loss below 103000.
The major cryptocurrency has consecutively pulled up 7 large bullish candles; I don't believe it's not going to squeeze the shorts.
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Resistance above: 106592-107225-108324
Support below: 104576-103867-103000
On the 4-hour level, breaking down below 104562 looks towards 103691-102355.
To reverse, the major cryptocurrency must break through 106500 and consolidate above it; otherwise, it's just a rebound.
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$ETH Thought:
The secondary cryptocurrency's volume broke through 2620, leading to right-side long positions with stop-loss on recovery.
2601's volume broke down, leading to right-side short positions with good stop-loss.
Retesting 2547 confirms valid support for an additional long position; stop-loss below 2515.
The secondary cryptocurrency's hourly level must stabilize at 2614 to look upward towards 2648-2673; if it doesn't stabilize, it's useless.
For the secondary cryptocurrency above, watch for a short position at 2651, with stop-loss on breakthrough at 2684.
Left-side orders: long at 2507, with stop-loss below 2471.
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Resistance above 2620-2648-2682
Support below 2586-2550-2500
On the 4-hour level, breaking down below 2557 looks towards 2503-2476.
A market driven by news will not last; if emotions can't keep up, it will naturally revert. Another high hanging restore, not knowing how many chasing highs will get trapped again, meeting adjourned.