Cryptocurrency Market Analysis: Bitcoin's Technical Breakdown on June 21! Ethereum Bears Launch Aggressive Attack! Latest Market Analysis

Current Bitcoin price is 103,300, with bears dominating the market. The overall technical indicators are weak, suggesting that the market will continue to trend downward in the short term. Therefore, in the short term, the price may continue to hover around the key support level of 102,300. If it fails to maintain this support effectively, there is a possibility of further decline. Conversely, if the price finds support and rebounds, the rebound may be limited due to resistance above, and attention should still be paid to the sustainability of bullish momentum. Ultimately, it is recommended for cautious investors to wait and see until the market clearly stabilizes before considering entry to reduce risk. Short-term traders should pay attention to the performance of the important support level of 102,300; if this support level breaks, one might consider entering short positions; if the price holds the support and rebounds with volume, a small position may be attempted for long positions at lower levels, with a relatively close stop-loss set.

Reference Points for Today:

Long Entry Point: 102,500, Stop Loss: 102,000, Stop Loss: 500 points, Target: 104,000

Short Entry Point: 105,000, Stop Loss: 106,000, Stop Loss: 500 points, Target: 103,000

Latest Ethereum Market Analysis

Before publishing, the current price of Ethereum is 2,420, maintaining a downward trend since the peak of 2,680, currently oscillating around 2,425, with market performance being weak. Multiple technical indicators such as MACD and RSI show bearish signals. Therefore, in the short term, it is likely that the price will remain weak, with core support at 2,360. If this level is broken, there may be further declines. However, as it approaches the oversold region, if the price can hold above the 2,360 support, there could be a technical rebound opportunity. Ultimately, it is recommended that the current market has strong bearish momentum, and the price is oscillating at low levels. Ensure that bottom stabilization signals appear before considering entry. If there is a bottom formation or bottom reversal pattern, one might consider gradually accumulating near 2,360, but strict stop-losses should be set to mitigate the risk of support level breakdown.

Short-term Strategy Reference:

Long Entry Point: 2,330, Stop Loss: 2,280, Stop Loss: 30 points, Target: 2,450

Short Entry Point: 2,450, Stop Loss: 2,500, Stop Loss: 30 points, Target: 2,350

The above is a brief analysis from Liying regarding the current market conditions for investor reference.