🎧 June 16 market outlook. 🎧
$BTC viewpoint:
Recently, the Alpha points accumulation has been truly crazy! Both ZKJ and KOGE have accumulated to the point where it's no longer counted in the Alpha points statistics.
The major coin has broken through 105930 with volume, closing above 105930 on the hourly level, so go long on the right side, set a stop loss if it breaks.
If 104982 breaks with volume and fails to reclaim, go short on the right side, reclaim stop loss, and pay attention to volume changes; make sure to set a stop loss.
At 103808, a false breakdown allows for a light long position; set a stop loss if it breaks below the false breakdown low or 103164. No recovery action means no long positions.
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The major coin's hourly level has broken through 105926 and is consolidating; look up to 106525-107319. As long as it can break 106525, it will take off.
When shorting the major coin, be cautious of a 2b false breakout at 107980, and set a stop loss if it breaks and holds above 108488.
For conservative players: go long at 102653, set a stop loss if it breaks below 102092.
The major coin's hourly level is currently raising its lows, and until a lower low appears, shorting can only be for short positions; only if a lower low is created can we short. If the major coin creates a higher high on the hourly level, focus on buying on dips.
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Upper resistance: 106187-106828-107433
Lower support: 104892-103808-103029
If the 4-hour level breaks below 104829, we will look for a downward correction towards 104040-103007; as long as 104040 is not broken, everything is fine.
For the major coin to form a W bottom pattern on the hourly level, it must break through the neckline at 106083 marked in the chart; if it can't break, the golden bottom is useless.
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$ETH thoughts:
The second coin has broken through 2574 with volume; go long on the right side and set a stop loss.
If it breaks below 2515 with volume, go short on the right side and set a stop loss.
On a pullback to 2507, confirm effective support and go long one more; set a stop loss if it breaks below 2474.
For the second coin, pay attention to the upper level at 2616 to short one; set a stop loss if it breaks above 2655.
On the hourly level, the second coin must hold above 2586 to continue rising; target locations are 2616-2656, holding above 2616 means it could take off at any time.
Left-side orders: long at 2450, set a stop loss if it breaks below 2417.
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Upper resistance: 2583-2615-2650
Lower support: 2506-2483-2447
If the 4-hour level breaks below 2500, look down to 2456-2410.
Observing the second coin's weekly level, it has been closing with high position doji stars for 5 consecutive weeks; whenever the second coin breaks through all the doji stars at the weekly level, its main uptrend will begin. Meeting adjourned.
$BTC
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