1. Summary of Yesterday's Market (June 20 Review)
Yesterday's second cake trend can be described as 'rise first then fall.' After a slight rebound during the Asian session, the bears exerted force again in the afternoon, with the price dropping from around 2550 high, breaking through the key support level of 2500 around 9 PM, touching a low of 2363.88, and finally closing at around 2417, forming a standard high volume long bearish line.
Intraday amplitude exceeded 180 points, with a drop of nearly 6.5%, bearish sentiment is strong, and a short-term oversold rebound window has entered.
2. Analysis of Major Events Last Night
The beautiful country's initial jobless claims data is strong, further strengthening expectations of a 'soft landing' for its economy, increasing market worries about potential future interest rate hikes, putting pressure on risk assets;
The must-have platform is facing compliance troubles again, with slightly tight liquidity affecting short-term market confidence;
Both Bitcoin and second cake weakened yesterday, but from on-chain data observation, some main funds have shown signs of bottom fishing;
US Treasury yields are rising, putting pressure on crypto assets in the short term.
3. Today's Technical Analysis (June 21 Analysis)
① Daily level
Yesterday's K-line broke through all short and medium-term moving averages (MA5, 10, 30), with a large bearish entity and significant volume;
Current price is near the previous range lower bound (2420-2400). If today cannot strongly recover above 2450, the rebound height may be limited;
Daily MACD dead cross is moving down, short-term bearish trend still dominates, but close to support, could trigger a technical rebound at any time.
② Four-hour chart
After a strong dive, a small bullish recovery occurred, overall still running below EMA7, with resistance at 2450;
If bulls cannot quickly stabilize above 2500, they may fall into low-level volatility or even break down;
Support to watch is the previous low at 2360; if lost, look towards around 2300.
③ One-hour chart
Currently, there are signs of a low-level golden cross in the short term, MACD is slightly flat, indicating a small rebound intention;
But the moving averages above are tightly clustered, with the first resistance level at 2445-2450. After breaking through, it can be seen around 2480;
If 2420 is lost again, may retest 2360.
4. Real-time Single Suggestions (Opening Point: 2420.4, 125x leverage)
Direction: Try short positions, mainly high shorts, buy low and exit quickly
Project Parameter Settings
Opening Direction Long Position (light position try long)
Opening Position Level Enter in batches between 2418-2423
First Stop Loss Level 2439
Second Stop Loss Level 2468
Stop Loss Level 2378
If the price does not stabilize above 2430, and a quick rebound is weak, then consider switching to a short strategy in the 2450-2480 range, with stop loss set at 2520 and stop loss target at 2380.
Operation Reminder:
Currently in the end of a volatile market, need to guard against repeated losses;
Strictly control leverage risk, set stop-loss and take-profit, avoid pullbacks;
Pay attention to important data from the beautiful country tonight. If there are unexpected fluctuations, strategies need to be adjusted quickly.
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