🚨6/6 Morning BTC/ETH Market Report🚨
🔶 The sharp drop in the early morning undoubtedly triggered our stop-loss for long positions, and I think there is nothing to deny about that; when you're wrong, you're wrong. Every article has reminded everyone that conclusions drawn solely from chart patterns and technical indicators cannot withstand scrutiny from news events. Remember, in this chaotic market, always have proper defenses for all trades! Well, since our long positions were stopped out yesterday, we need to adjust our mindset and start a new chapter.
🔶 Bitcoin tested the 100,000 mark at its lowest in the early morning, dropping to around 100,300, which coincidentally is the Fibonacci retracement 0.618 level before starting to rebound. This is the last defense line for the bulls, with the next support around 97,350. Personally, I don't think it will drop that low.
🔶 The daily line for $BTC is currently standing between the upper and lower bands at 1 0 1 4 0 0, where there might be some support. The lower support is at the top of the bullish cloud around 97,200, and another support near 96,500 to prevent extreme market conditions. These two positions can be used to place long orders. Today’s focus: current price near 1 0 1 4 0 0 0 and around 1 0 0 4 6 0 for low long participation, with resistance seen above at around 102,650, 103,600, and 104,800 to 105,400 to 106,880.
🔶 The lowest price for $ETH reached 2,380 in the early morning, and now the price has started to rebound. Pay attention to the lower positions around 2,406 and 2,340; these two positions can be used to participate in a low long. I directly entered during the morning’s sharp drop, with an average price near 2,399, and will continue to look for upward movement to 2,510, 2,545, 2,617, 2,710, and 2,800.
🔶 For $SOL , the current price is 145 for the first position entry, with the main position entering long at 143.6.
⚠️ This is all just a performance by a makeshift group; if you're serious and scared, you're mistaken. The market always offers opportunities during sharp declines, not when prices drop and you hesitate. If you chase after a surge, then who will get cut if not you?
⚠️: All the points above are conclusions drawn solely from chart patterns and technical indicators, subject to factual changes and the influence of the makeshift group. Additionally, Bitcoin entry and exit points have a deviation of ±100 points, and Ethereum ±5 points. The above is purely personal opinion and for reference only; profits and losses are to be borne by oneself!
🔶 The sharp drop in the early morning undoubtedly triggered our stop-loss for long positions, and I think there is nothing to deny about that; when you're wrong, you're wrong. Every article has reminded everyone that conclusions drawn solely from chart patterns and technical indicators cannot withstand scrutiny from news events. Remember, in this chaotic market, always have proper defenses for all trades! Well, since our long positions were stopped out yesterday, we need to adjust our mindset and start a new chapter.
🔶 Bitcoin tested the 100,000 mark at its lowest in the early morning, dropping to around 100,300, which coincidentally is the Fibonacci retracement 0.618 level before starting to rebound. This is the last defense line for the bulls, with the next support around 97,350. Personally, I don't think it will drop that low.
🔶 The daily line for $BTC is currently standing between the upper and lower bands at 1 0 1 4 0 0, where there might be some support. The lower support is at the top of the bullish cloud around 97,200, and another support near 96,500 to prevent extreme market conditions. These two positions can be used to place long orders. Today’s focus: current price near 1 0 1 4 0 0 0 and around 1 0 0 4 6 0 for low long participation, with resistance seen above at around 102,650, 103,600, and 104,800 to 105,400 to 106,880.
🔶 The lowest price for $ETH reached 2,380 in the early morning, and now the price has started to rebound. Pay attention to the lower positions around 2,406 and 2,340; these two positions can be used to participate in a low long. I directly entered during the morning’s sharp drop, with an average price near 2,399, and will continue to look for upward movement to 2,510, 2,545, 2,617, 2,710, and 2,800.
🔶 For $SOL , the current price is 145 for the first position entry, with the main position entering long at 143.6.
⚠️ This is all just a performance by a makeshift group; if you're serious and scared, you're mistaken. The market always offers opportunities during sharp declines, not when prices drop and you hesitate. If you chase after a surge, then who will get cut if not you?
⚠️: All the points above are conclusions drawn solely from chart patterns and technical indicators, subject to factual changes and the influence of the makeshift group. Additionally, Bitcoin entry and exit points have a deviation of ±100 points, and Ethereum ±5 points. The above is purely personal opinion and for reference only; profits and losses are to be borne by oneself!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
151.44
+0.27%
BTC
105,466.73
+0.73%
ETH
2,518.17
+0.12%