๐Market Insights on June 23rd.๐
71219537276 Insights:
Are you all panicking again? Don't panic, what are you panicking about? Haven't you always thought that the price of Bitcoin is high? Now that it has dropped, you should be happy because you can buy Bitcoin at a cheaper price.
Bitcoin volume broke through 100883, and the hourly closing price is above 100883, so look to go long on the right side, with a stop loss if it breaks down.
100525 volume broke down, and the right side is looking to short on the rebound, with a stop loss if it recovers. Pay attention to changes in volume and manage your stop losses well.
At 98999, a false breakdown occurred; recover with a small long position. If it breaks the previous low, set a stop loss, and if it can't recover, don't go long.
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Bitcoin has broken through and stabilized above 101045, looking up at 101809-102300. As long as Bitcoin can stabilize above 101045, it indicates that Bitcoin is very strong.
When shorting Bitcoin, be cautious at 102901 where a 2b false breakout occurs; short one position, with a stop loss if it stabilizes above 103419.
Left side orders: 97306 long; if it breaks below 96437, you must stop loss.
You should be thankful that Bitcoin's daily closing price did not close below this important support level marked in the chart; it only dipped down briefly. If the daily closing price closes below this support level, a daily M-top will be established; just imagine how powerful a daily M-top can be.
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Upper resistance: 101809-102955-103861
Lower support: 100383-99755-98668
The 4-hour closing price must not close below 100356; if it does, look down to targets of 98671-97423.
I wonder if anyone chased a short at Bitcoin's lowest point last night; if so, congratulations on shorting at Bitcoin's lowest point.
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78814483043 Ideas:
For Ethereum, volume broke through 2246, look to go long on the right side, with a stop loss if it does not hold.
2235 volume broke down, look to short on the right side, manage your stop loss well.
On a pullback to 2141, confirm the support is valid and add one long position; stop loss if it breaks below 2100.
Ethereum has broken through 2252 in the hourly chart, looking up at 2288-2315; as long as it stabilizes at 2288, 2315 will come naturally.
For Ethereum, watch for a short at 2325, with a stop loss if it breaks 2357.
Left side orders: 2076 long; stop loss if it breaks 2036.
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Upper resistance: 2253-2287-2315
Lower support: 2197-2155-2100
In the 4-hour chart, if 2155 breaks down, look for targets below at 2103-2035; if 2103 breaks, Ethereum will not have upward potential anymore.
Ethereum had a weekly close; how do we play this? Let's wrap it up!