🍇June 20 afternoon market outlook.🍇
$BTC Opinion:
Yesterday's market was the hardest day to navigate among all working days. Since there was no volatility, do not force open positions. Forcing trades will only harm your own funds, and there is no benefit. Learning to wait is also a form of profit.
The major coin broke through 104720 with volume, closing above the 104720 hourly level, so chase long positions on the right side, with stop loss on breakouts.
104394 broke down with volume, unable to recover after a pullback; chase short positions on the right side, recover stop loss, and pay attention to changes in volume, carry stop losses properly.
103860 faked a breakdown; recover and go long with a small position. If it breaks below 103050, set a stop loss. If there is no recovery action, do not go long.
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The major coin at the hourly level has broken through 104918 and is looking up towards 105473-106507. As long as it can break through 105473, the major coin will challenge higher positions.
When shorting the major coin, beware of a 2b fake breakout at 106835 and short one position; if it breaks and stands firm at 107566, set a stop loss.
Conservative traders wait: long at 103456, set stop loss below 102637.
The major coin has formed two doji stars at the daily level, indicating that it has temporarily stopped falling and will see a rebound. As long as it does not break the lowest points of these two doji stars, there should not be much of a problem. It would be even better if it can break the previous bearish candle.
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Upper resistance: 105198-106093-106840
Lower support: 104063-103436-102630
At the 4-hour level, if 103836 breaks down, look down to 103338-102590. If it does not break below 103338 and no lower lows appear, there is nothing to worry about.
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$ETH Strategy:
The second coin broke through 2527 with volume, chase long positions on the right side, and recover stop loss.
2519 broke down with volume; chase short positions on the right side, carry stop loss properly.
Pull back to 2486 to confirm the support is valid for one more long position, set stop loss below 2450.
At the hourly level, the second coin broke through 2546 and is looking up towards 2586-2616. 2546 is a heavy resistance; once broken, it will take off.
Pay attention to short one position at 2616 above; set stop loss at 2656 if it breaks through.
Left side orders: long at 2435, must stop loss if it breaks below 2400.
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Upper resistance: 2546-2585-2616
Lower support: 2464-2435-2380
At the 4-hour level, if 2464 breaks down, look down to 2435-2382. As long as it does not break below 2435, the second coin still has a chance to rebound upwards.
The box drawn in the hourly level chart for the second coin will continue to oscillate as long as it is not broken. Once it breaks the upper boundary of the box, it will take off directly and cannot be stopped, end of meeting.
