Evening Market Analysis Strategy on June 19
Bitcoin/Ethereum has been fluctuating sideways since the morning opening, with not much volatility, and overall there isn’t much space. The long positions we entered again at a low level last night also successfully took profits this morning when it rose to around 2547 and 105100. Previous posts have reminded of this. Currently, the market has been sideways for 6 trading days since the peak, and a change in trend is imminent. The volatility is gradually narrowing, confirming this point. The daily MA moving averages are under pressure at the 106000 and 2560 levels, with support around 103000 and 2450. Before breaking these levels, one can do well with high selling and low buying. Once a break occurs, exit directly and wait for the next opportunity to follow. A significant market movement is coming, so focus on trend waves.
Evening trading suggestions: Enter short near 105000 for Bitcoin at $BTC , target around 103300! Enter short near 2540 for Ethereum at $ETH , target around 2480.