Analyst Chen Shu: 6.20 Amplitude Shrinks, Awaiting Market Direction Selection, Midday Bitcoin and Ethereum Market Analysis Strategy
From the daily chart, Bitcoin has been forming small doji candles for several days with shrinking amplitude. The current resistance levels to watch are 10.5/10.55/10.63, while the support level can be focused on the MA60 daily moving average at 10.3. Pay attention to the breakout direction within this range. On the 4-hour chart, the dense resistance level above is the MA256 daily moving average at 10.57. Watch whether it can break through and stabilize above this level.
Looking at Ethereum from the daily perspective, the short-term resistance is at the MA30 daily moving average of 2570. If it breaks through and stabilizes above this level, it will continue to test the MA256 daily moving average at the high point of 2670. On the 4-hour chart, the dense resistance levels above are 2540/2570/2600. If it breaks downward, pay attention to the daily MA60 moving average at 2350, and watch for the subsequent breakout direction.
Midday Operation Strategy (Writing Time: 14:30):
BTC: Short at 10.53, add to short at 10.62 on rebound, targets 10.4/10.3; Long at 10.35/10.25 below, targets 10.4/10.5.
ETH: Short at 2540, add to short at 2600 on rebound, targets 2500/2460; Long at 2460/2420 below, targets around 2550.
The daily analysis strategy has a very high success rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below for discussion; I will reply one by one! $BTC
