Bitcoin/Ethereum Current Price Long Position Successfully Verified

Analyst Liang Qiu: On June 23, Bitcoin breaks the 100,000 mark again. Is there still a chance for Ethereum?

After three consecutive waves of decline on the four-hour chart, Bitcoin's price closed with a long lower shadow, indicating some stabilization. The long positions we set up yesterday afternoon also had to exit at a loss again. In fact, last night's drop was also caused by panic selling due to issues in the overseas Hormuz Strait; such uncertain news can very likely lead to a significant rebound if the situation reverses, meaning it might come back to where it dropped from. On the four-hour level, after closing with a long lower shadow, the price moved upward, and the intraday rebound will continue. Long-term positions can be entered, with targets above at 2400 and around 106,000, while support needs to be maintained at 2180 and around 99,500.

On the daily K-line pattern, Bitcoin shows three consecutive large bearish candles, forming a clear downward trend. In the four-hour cycle, recent K-lines show a fluctuating rebound, but overall, they remain in a low range and have not broken through key resistance points. On the technical indicators in the four-hour cycle, both DIF and DEA are negative and continue to trend downward, while the MACD histogram alternates between red and green but is overall weak, indicating that bearish forces are dominant. However, stimulated by news, there is hope for Bitcoin to regain lost ground.

Trading suggestions for BTC: Enter around 101,000, with a short-term target near 103,000; for ETH, enter around 2230, targeting near 2290. If it breaks and stabilizes, you can add to your position, aiming for targets at 105,500 and around 2380.

[The above analysis and strategies are for reference only. Please bear the risks yourself. The publication of this article does not guarantee timeliness; please refer to real-time information.] #加密市场回调