June 21 Morning BTC/ETH Analysis:
The aftermath of tariff trade, the US is imposing a technological blockade on China!
Yesterday, US stocks rose before the market opened, and cryptocurrencies showed two consecutive days of sideways movement. US stocks opened higher as expected, but then news broke that the US would impose semiconductor technology controls on China, causing technology stocks and cryptocurrencies to plummet instantly, estimated to be due to the discord in US-China trade relations!
Currently, looking at the Bitcoin market, the daily line tested the mid-band resistance and then moved lower, the four-hour support broke, and the MACD histogram expanded, with rebound strength being average. During the day, pay attention to the 1038 position; at least it needs to close above this level on the hourly chart for the rebound to be considered strong. The lower pressure is at 1027-1014.
BTC: hovering around 1035-1040, with a stop loss of 500 points, target 1027-1003.
Ethereum overall is showing a downward trend. The KDJ has crossed downwards, and the RSI is turning down with decreasing volume. For the downward movement to continue, it needs to stabilize above the 2452 position at least at the hourly level. The focus during the day is on short positions, with lower support at 2382-2341.
ETH: hovering around 2442-2428, with a stop loss of 30 points, target 2382-2318.
Pay attention to Liu Bei, like first and then watch, profit over 10,000 U!
