Bitcoin/Ethereum successfully verified the strategy of short then long

Analyst Liang Qiu: 6.13 Bitcoin/Ethereum Rapid Decline, Evening Can Watch for Rebound

Bitcoin/Ethereum have frequently set up high short positions in recent days, especially reminding about potential tops around 110000 and above 2840 to 2860. At that time, many people dismissed it as fuel for the bulls, but the reality is that there is significant space for decline. In the early session, Bitcoin and Ethereum dropped to a low of 102600 and 2430 respectively before starting to rebound. The previous lows after the decline were not broken, so there is no need to excessively pursue shorts, similar to the previous situation of not chasing longs at 110000. After the market builds a bottom again, it starts to rebound, and there is still room for rebound. Pay attention to the daily MA resistance lines at 106500 and 2600 after breaking down.

The daily candlestick pattern for Bitcoin and Ethereum shows a significant drop in price for two consecutive days, forming a long bearish candle, and currently, it is in the rebound phase after a correction. The 4-hour level shows slight oscillations after a sharp drop, with candlesticks displaying low volatility. On the technical indicators, both the daily and 4-hour levels are in a death cross state, with the histogram continuing to expand, indicating that the bearish strength is dominant. However, since the lower low is not broken, we focus on rebounds near the lows.

Evening trading suggestions: BTC: enter long near 104000 to 104500, target around 106500; ETH: enter long near 2500 to 2520, target around 2580.

【The above analysis and strategy are for reference only, risk is to be borne by yourself, the article review and publication do not have timeliness, please refer to real-time data】 #加密市场回调