Trading in the crypto world is a long-term plan; it doesn't happen overnight, so don't rush. Even if short-term losses occur, there's nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, be sure to grasp the timing of trades and the current market trends, as this will improve your win rate. Investment is also a process of growth. I advise all crypto friends to operate while learning, timely summarize both gains and losses, deepen your understanding of risks, and plan your mindset correctly. This way, you can reasonably avoid risks and become a qualified investor.
6.19: Bitcoin (BTC) market analysis reference
Recently, Bitcoin has retreated from the low of 103200 and rebounded, allowing the market, which has been oscillating continuously, to stabilize slowly. In the past two days, the market has warmed up, and prices have risen. From a technical perspective, this trend represents a rebound repair process. Since this wave of Bitcoin has dropped over 7000 points, the short-term recovery strength is also relatively strong. I remind all crypto friends not to mistake this rebound as a signal for bullish momentum; on the contrary, from the daily level, if the short-term rebound does not stabilize above 106500, the downtrend will still exist. Therefore, do not misinterpret a temporary market repair as a reversal signal.
In the short-term hourly chart, the market surged to the 105500 level before facing resistance and pulling back. After a series of downward tests, it rebounded quickly. Currently, we are seeing a back-and-forth wash of bulls and bears, creating a complex pattern of competition. The downward trend appears to hold an advantage, with focus on the 103100 lower support. If it doesn't break, the market is expected to continue repairing and consolidating, with short-term prices likely testing the 105500 line. Conversely, if it drops below the 103100 line, there is a risk of prices reaching the 100,000 mark. I hope all crypto friends are prepared in advance. Short-term resistance to watch is at 105500 and around 106500.
6.19 Bitcoin short-term reference:
Lower test entry point 105100-106500, defense at 108300, stop-loss: 500, target below 104000.
Upper test entry point 102100-103100 for long positions, stop-loss 500, defense at 100500, target above 104300.
6.19: Ethereum (ETH) market analysis reference
Ethereum's recent rebound has been relatively weak, with multiple attempts to test and break through the 2550 resistance line failing. By midday today, bullish sentiment weakened, and the market entered a corrective rhythm again. Currently, the low is close to the 2460 support line, and if it breaks, there is a risk of a further pullback.
In the short-term hourly chart, the market has repeatedly declined. The 4-hour level recently showed a bottoming-up pattern, quickly rebounding to 2537 after hitting a low of 2465, forming a long lower shadow. The daily level has shown three consecutive days of candlesticks with long upper and lower shadows, indicating fierce competition between bulls and bears. MACD: At the 4-hour level, DIF and DEA flattened after a death cross below the zero line; the green histogram bars shortened. At the daily level, MACD continues to decline after a death cross at a high position. EMA: Price has broken below EMA30 (2554) and EMA120 (2565) at the 4-hour level; at the daily level, EMA7 (2553) crosses below EMA30 (2524). The daily trend is weak, so we need to be cautious of a break leading to continued decline, particularly focusing on the support at the 2450 line to prevent a significant pullback if broken. Recently, the market has rebounded and entered a repair consolidation phase, with bulls and bears maintaining a stalemate. Therefore, before a break, we should keep a high-low strategy. Currently, short-term support to watch is at the 2450 line, and resistance is at the 2565 line.
6.19 Ethereum short-term reference:
Lower test entry point 2535-2595, defense at 2700, stop-loss: 50, target below 2500.
Upper test entry point 2405-2455, stop-loss 30 points, target above 2500.
There may be a delay in sending articles. Strategy suggestions are for reference only. The market changes rapidly; no matter how confident you are in your market judgment, always have stop-loss and take-profit measures in place for peace of mind.
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