🚨6/6 Midnight BTC/ETH Market Report 🚨
🔶 The evening's dip consumed all long positions, with Ethereum around 2570~2545 for longs. After touching 2560, it rebounded to around 2615. Our first take-profit level of 2620 is still 5 points away. Now, if it breaks below 2560 again, I believe it can reach the second entry point at 2545, so you can confidently add to your position. Bitcoin is around 103600~102650, having dipped to a low of 103080. Currently, it is at a slight floating loss, but if it goes down to the second entry point of 102650, just add once, and 101888 is also a good position to add!
🔶 The article at $ETH states that the current price has already returned to around 2570. The support remains at around 2545 and 2511. Late at night, you can pay attention to these positions for another low long entry. If you are holding long positions, you can add at these two levels, watch for resistance at 2620, and levels around 2650 and 2680. Once the target is reached, reduce your position and change to a breakeven stop loss. I won't elaborate further on Ethereum tonight; let's talk about Bitcoin next.
🔶 Currently, Bitcoin at $BTC is still in a slight floating loss at 103600 for long positions. Now, we need to focus on the support around 102650 and 101888. Late at night, you can pay attention to these two positions for another low long entry. If you enter at 103600, you can choose to add at these two levels. The upper resistance at 104800 and the Fibonacci retracement line still apply, so part of the long position needs to be reduced here. If it can effectively stabilize, we can look at 105800 and 106880 as critical levels. Whether the long position can effectively continue to surge depends on this level. If it stabilizes around 106880, it is expected to touch 11 market conditions, or even break the previous high. However, the market is ever-changing, and we should not blindly trust technical analysis, so it is crucial to manage your position strictly. If it moves as we expect, reduce your position at the first target and take a breakeven loss to aim for higher levels.
⚠️: Please note that all entry and exit points emphasized are solely conclusions drawn from market charts and technical indicators, subject to real-time fluctuations and news impacts. Adjustments should be made based on your actual situation.
⚠️: The above entry and exit points for Bitcoin have a ±100 point deviation.