June 21, 2025 Morning BTC/ETH Analysis:
Aftermath of Tariff Trade, US Implementing Technology Blockade on China!
Yesterday, US stock market rose before the opening, cryptocurrency has been in a sideways trend for two consecutive days, and the US stock market opened higher as expected. However, news came out that the US will impose semiconductor technology controls on China, causing tech stocks and cryptocurrencies to plummet instantly, which is estimated to be due to the discord in US-China trade relations!
Currently, looking at BTC, the daily chart tested the mid-line resistance and then declined. The four-hour support was broken, and MACD shows increasing divergence, with rebound strength being average. During the day, pay attention to the 103800 level; at least it should close above this level on the hourly chart for the rebound to be considered strong. The downward pressure is between 102700-101500.
BTC: Around 104000, defend 400 points, target 102700-101600.
Overall, Ethereum is in a downward trend. KDJ shows a dead cross down, RSI is turning down with decreasing volume. For the downward trend to continue, at least the hourly chart should stabilize above the 2450 level. During the day, focus on short positions, with support at 2380-2340.
ETH: Around 2440-2426, defend 20 points, target 2380-2316.
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