🚌6.4 Afternoon Market View.🚌
$BTC Viewpoint:
Bitcoin is testing the resistance level of 106500 again but still hasn't stabilized. Just think about how strong the pressure is at this 106500 position; it has tested upwards twice and couldn't hold. If it tests again two more times and still can't hold, the bulls' momentum will weaken, and it can only pull back down.
Bitcoin broke through the hourly level of 105792 with significant volume, closing above 105792, pursue long positions on the right side, and stop loss if it breaks.
105399 broke down with volume, unable to recover in a pullback, pursue short positions on the right side, and stop loss if it recovers. Pay attention to changes in volume, and manage stop losses carefully.
104541 had a false breakdown; recover with a light position for one more lot, stop loss at the low of the false breakdown or below 103841, do not add if it cannot recover.
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Bitcoin needs to break 105891 and stabilize to look upwards at 106441-107117; once stabilized, it will take off.
For those wanting to short Bitcoin at high positions, be cautious of a 2B false breakout at 107116; stop loss if it stabilizes above 107815.
Conservative players wait: long at 103026, stop loss below 102332.
In the hourly level, has this arc bottom been played out? It has already formed the arc bottom pattern twice in a row, and it looks like the third arc bottom pattern is about to arrive. As long as the hourly level does not drop below 105074, the third arc bottom pattern is on its way.
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Upper pressure: 105832-106420-107141
Lower support: 105066-104316-103641
On the 4-hour level, if 105020 breaks down, look down at 103649-102341.
The high and low points on the 4-hour level are continuously rising; the trend is about to change, everyone should be careful to switch their thinking and not run blindly down one path.
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$ETH Idea:
Ethereum broke through 2617 with significant volume, pursue long positions on the right side, and stop loss if it recovers.
2608 broke down with volume, pursue short positions on the right side, manage stop loss carefully.
Pull back to 2547 to confirm effective support for one more lot, stop loss below 2513.
In the hourly level, as long as it stabilizes above 2627, it can look upwards at 2650-2690; Ethereum is in a bullish rhythm.
Pay attention to a potential short at 2710; stop loss if it breaks above 2737. Watch if this resistance level at 2710 can hold Ethereum back; if it can't, the bears might as well surrender!
Left side orders: long at 2515, stop loss below 2482.
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Upper pressure: 2649-2690-2714
Lower support: 2589-2549-2506
On the 4-hour level, if 2591 breaks down, look down at 2550-2489, meeting adjourned.
