Liying in the Crypto World: Will Bitcoin and Ethereum Show Correlation on June 15? Will There Be an Explosion? Who Will Laugh Last? Latest Market Analysis
Current Bitcoin price is 105,600. Liying observes that the market is currently experiencing fluctuations and showing a slight rebound trend. Therefore, in the short term, the trend seems to have stabilized. Considering the MACD golden cross signal and the incline of the Bollinger Bands' middle track, there may be further upward rebound space in the market. However, due to strong resistance above, the rebound strength may be limited. At the same time, the narrowing of the Bollinger Bands and the overall reduction in volatility also indicate that the market may continue to show narrow fluctuations. Thus, Liying suggests that if the price breaks below the support level of 104,500 or approaches 100,300, it is necessary to be cautious of the market trend turning bearish. At that time, one can consider strategies of high selling and low buying or reducing positions in batches. Overall, Liying believes that the current market trend is neutral, but a short-term rebound may continue. The main approach should be light positions for exploratory long trades, and heavy trading should wait for the trend to become clearer before making decisions.
Today's reference points:
Long entry point: 104,500, stop loss: 103,500, stop loss 500 points, target: 106,500
Short entry point: 106,500, stop loss: 107,500, stop loss 500 points, target: 104,500
Ethereum
As of the time of writing, the current price of Ethereum is 2,545. Liying observes that the Ethereum market is in the middle of a downward fluctuation trend. Although there has been a slight rebound recently, it is still under pressure from moving averages, and the rebound strength is limited. In the short term, Liying sees that the market is still in a phase of fluctuation adjustment. Although there are certain signs of rebound, the momentum is insufficient, and bullish power is limited. The future short-term trend may mainly consist of low-level fluctuations, and there is a need to be wary of the possibility of prices probing lower again. Therefore, Liying suggests that the current market direction is not clear, and it is recommended to adopt a wait-and-see attitude to avoid large-scale positions. Near the support level of 2,310, one can attempt to accumulate long positions in batches, but stop losses should be set simultaneously. If the price breaks upward and stands firm above the resistance level of 2,879, one can add to long positions accordingly, following a defensive strategy to manage risks.
Short-term strategy reference:
Long entry point: 2,475, stop loss: 2,450, stop loss 30 points, target: 2,550
Short entry point: 2,560, stop loss: 2,590, stop loss 30 points, target: 2,470
The above is Liying's brief analysis of the current market conditions for investors' reference.
