June 13 BTC.ETH. Afternoon Thoughts. Waking up to find Bitcoin opened the floodgates with a drop of 5000 points, how many people were swept away by the flood?
In the morning, the news of Israel striking Iran caused both Bitcoin and Ethereum to drop simultaneously.
From the daily K-chart perspective, the drop in Bitcoin was quick, but it did not break below the 100300 level. We anticipated this wave of decline yesterday, focusing on the bullish trend in both our strategy and live trading. However, we did not predict such a deep drop. Currently, the low point is around 102500, and the 1-hour K-line appears to be forming a rebound. The chance of breaking below at the close of the 1-hour candle at 12:00 is low.
BTC trading advice: 103190-103690, with defense below at 102300. Target 105800 with a breakout looking at 107300-108100 (I have already entered at the current price).
ETH trading advice: 2470-2480, with defense at 2425. Target 2550 with a breakout looking at 2592-2637!