Crypto Circle Liying: Is the 6.6 Hammer Line and Morning Star Invalid? Have the signals for a Bitcoin and Ethereum plunge been sounded? Latest market analysis
Crypto Circle Liying: 6.6 Bitcoin latest market analysis
Article release time: 2025.6.6----0:10
Current Bitcoin price is 104600, Liying has found that the current market trend is relatively stable but direction unclear. Directly from a short-term perspective, market participants' sentiment tends to be wait-and-see, and the competition between key support and resistance levels may determine the future direction. Therefore, Liying suggests attempting light positions near the 103900 support level. If the price breaks through the 105250 resistance level, then consider adding positions or chasing the price. At the same time, attention must be paid to whether the trading volume can significantly increase and whether the MACD indicator shows a strengthening signal to confirm the trend direction. The technical aspect has shown patterns like the Hammer Line and Morning Star, but failed to sustain a rebound; a Doji appeared at the end of the fluctuation range, indicating a choice of direction. So be patient and act according to the direction after it appears.
Today's point reference:
Long entry point: 104000, stop loss: 103500, stop loss: 500 points, target: 105500
Short entry point: 105500, stop loss: 106000, stop loss: 500 points, target: 104000
Latest Ethereum market analysis
Before publication, the current Ethereum price is 2590. Liying has found that the current market is fluctuating around MA7 and MA30, reflecting an unclear direction in the short term. The bearish momentum of MACD is increasing, and trading volume has temporarily increased, but the price rebound strength is limited. In the short term, the accumulation of bearish momentum has led to the bears gaining the upper hand. If the price cannot break through the current resistance level, it will further descend to the support area, with a high probability of breaking the previous low. Therefore, Liying suggests taking action after a directional breakout, focusing on the price response at support or resistance levels and whether the trading volume has increased. Consider shorting on the highs; if the price falls back to the main support level with a significant rebound in volume, a light long position can be attempted.
Short-term strategy reference:
Long entry point: 2500, stop loss: 2460, stop loss: 30 points, target: 2600
Short entry point: 2650, stop loss: 2700, stop loss: 30 points, target: 2550
The above is Liying's brief analysis of the current market situation for investors' reference: $BTC