🍃June 18 Market Insights.🍃
$BTC Insights:
618 Bitcoin and altcoin are quite timely! Let’s give a discount. But this discount seems a bit small, let's give a 30% discount.
Bitcoin volume breaks above 104968; enter long on the right side if it closes above 104968, stop loss on a break.
If it drops below 104646 with volume and cannot recover, enter short on the right side, stop loss if it recovers. Pay attention to changes in volume and maintain proper stop losses.
At 103455, if a false breakdown occurs and recovers, add a light long position. Set a stop loss at the false breakdown low or below 102598; don't add if there's no recovery action.
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Bitcoin must stabilize above 105271 at the hourly level to continue the uptrend, looking up to 106188-106555; if it can't go above 106188, it's useless.
For those looking to short Bitcoin, pay attention to 105900 for a 2B false breakout to short one position; stop loss if it stabilizes above 106791.
Conservative players wait: Long at 102234, stop loss if it breaks below 101315.
Currently, the hourly level has just stopped falling; be cautious about going long before Bitcoin shows a higher high at the hourly level, mainly focus on shorting during rebounds. There will be two more tests to check yesterday's low point.
According to the chart, the lower boundary of this wedge has already been broken; until it recovers and runs within the wedge, the downside risk is not eliminated.
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Upper resistance: 105277-106120-106828
Lower support: 104197-103792-102588
At the 4-hour level, if it breaks below 104222, look down to 103554-102653; as long as it doesn't break below 103554, Bitcoin still has a chance to move up.
Currently, Bitcoin is in a consolidation phase after a decline in the 105132-104165 range; when it breaks or falls below this consolidation zone, your entry will have higher certainty; otherwise, only do ultra-short trades.
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$ETH Thoughts:
Altcoin volume breaks above 2524; enter long on the right side, set a stop loss on recovery.
If it drops below 2511 with volume, enter short on the right side, maintain stop loss.
Pull back to 2453 to confirm support; add one more long position, stop loss if it drops below 2413.
Altcoin must break above 2543 at the hourly level to look for upper target positions of 2591-2630; if it can't break 2543, don't look upwards.
Pay attention to 2592 for a short one position; stop loss if it breaks 2618.
Left side order: Long at 2388, stop loss if it drops below 2347.
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Upper resistance: 2541-2591-2630
Lower support: 2505-2480-2450
At the 4-hour level, if it breaks below 2491, look down to 2454-2404; as long as it doesn't break below 2454, it can still be saved; if it breaks, it's over, meeting adjourned.
