Liying in the currency circle: Bitcoin is on the brink of life and death on June 15. Can it "turn the tide"? Ethereum has suffered consecutive setbacks, and the future trend is "frightening"! Latest market analysis
Bitcoin is currently priced at 104,700. Liying found that the overall trend of the market is still weak and mainly runs below the moving average. Various indicators show that market momentum is gradually recovering, but an effective reversal signal has not been formed. Therefore, Liying believes that in the short term, the price may test the support level of 100,000 below in the shock adjustment. If the support can be effectively established, there is a possibility of a short-term rebound. In the medium term, the market is still in a bearish pattern. If the support is lost, it may continue to fall to a lower level. Therefore, Liying recommends participating after breaking through the key resistance level, or tentatively going long when approaching the support level. Conservatives can wait for the main force to stretch to the pressure level before going short
Today's point reference:
Go long at 103,500, Defense 102,500, stop loss 500 points, target 106,500
Short point 106,500, defense 107,500, stop loss 500 points, target 104,500
Latest Ethereum market analysis
Before the release, the current price of Ethereum was 2515. The current market is still under great short pressure as predicted by Liying. There is a risk of further correction in the short term. Therefore, Liying directly analyzed the short-term market. The market showed a weak shock pattern and may continue to test the support level near the lower track of the Bollinger Band. If the support is lost, it may fall to the recent low of 2380. The upper resistance level is 2536, which is difficult to break through effectively for the time being, so Liying recommends to wait and see and wait for the price to become clearer before making a layout. If the price falls below the key support level, you can follow the short trend with a light position; if the price rebounds to the resistance level, you can consider a short-term high-sell-low-buy strategy. At the same time, pay attention to risk control and avoid counter-trend operations.
Short-term ideas for reference:
Long point 2475, defense 2450, stop loss 30 points, target 2550
Short point 2550, defense 2580, stop loss 30 points, target 2470
The above is a brief analysis of the current market conditions by Liying for investors’ reference