6.20 Yumi Morning Analysis
After the overall sideways development of the market in the early hours yesterday, Bitcoin showed small fluctuations, oscillating around 104500/2500.
Currently, the hourly MACD is above the zero line, moving averages are rising, in a bullish arrangement, showing an upward trend. The EMA7 shows signs of crossing above the EMA30, indicating that short-term bullish momentum is strengthening. However, the daily line still shows a bearish trend, and there is still resistance above, so today we mainly look at the closing situation. If there are no major drivers, it is expected to rise only a little, and breaking through will be difficult, so the oscillating trend will continue.
Note the short-term resistance at 105800/2580 and support at 103500/2450; the battle between bulls and bears has yet to be decided. Be careful to manage positions well, and it is preferable to operate in a high-sell low-buy range.
Yumi's morning strategy is to short on the rebound
Bitcoin
105000-105500 looking down to 104500-104000
Ether
2530-2550 looking down to 2500-2480
