🌴June 17 Market Insights.🌴
$BTC Insights:
There is heavy resistance above the large coin. The closer you get to the previous high, the more you should close your low-position long positions instead of hoping for new highs, especially since the situation in the Middle East is still unstable.
The large coin has broken through 107188 with volume, and the hourly close price is above 107188, so pursue longs on the right side, with a stop loss if it breaks down.
If it breaks down to 106649 with volume but fails to recover, pursue shorts on the right side, with a stop loss on recovery. Pay attention to volume changes and manage stop losses.
At 105816, a false breakdown leads to a light position long, with stop loss at the false breakdown low or if it breaks 104905. If it cannot recover, do not hold long positions.
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If the large coin can hold above 107435 on the hourly level, look for a continuation up to 108009-108808; otherwise, 107435 is of no use.
For those who want to short the large coin, be cautious of a 2b false breakout at 108415, and if it breaks and holds above 109175, set a stop loss; wait patiently.
Conservative players wait for: long at 104096, with stop loss below 103118.
On the 4-hour level, a bearish engulfing pattern has formed in the yellow box area, indicating a bearish outlook ahead.
Unless this bearish engulfing pattern is broken, the risk of a downward trend remains.
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Resistance above: 107419-108415-109175
Support below: 106529-105847-104804
On the 4-hour level, if 106485 is broken down, look down to 105003-104262; as long as 106485 is not broken, there’s nothing to worry about.
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$ETH Thoughts:
The second coin has broken through 2610 with volume, pursue longs on the right side, with stop loss on recovery.
If it breaks down to 2675 with volume, pursue shorts on the right side, with a stop loss.
If it pulls back to 2508, confirm effective support for an additional long position, with stop loss below 2473.
On the hourly level for the second coin, if it breaks and holds above 2630, look up to 2656-2689; as long as 2630 is broken, the second coin will rebound as it fell.
Be cautious of shorting one position at 2660 above, with stop loss at 2704.
Left side orders: long at 2485, with stop loss below 2450.
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Resistance above: 2630-2660-2704
Support below: 2589-2550-2490
On the 4-hour level, if the closing price is below 2550, the second coin will need to adjust downwards to 2498-2435; as long as 2550 is not broken, there’s still an opportunity for the second coin to rise. The hourly level trend line for the second coin remains safe for bulls as long as it is not broken. If it breaks and cannot recover, those holding long positions should exit; the meeting is over.
