🥤June 24th midday market outlook.🥤
$BTC 's view:
The crypto circle is the world's ATM, when geopolitical conflicts occur, Bitcoin drops, when Trump sends a text, it drops, and when the US stock market falls, Bitcoin also drops.
Anyway, whenever something happens in the world, Bitcoin has to drop; does Bitcoin owe money to the whole world?
Bitcoin breaks through 105257 with volume, the hourly closing price is above 105257, enter long on the right side, stop loss if it breaks.
104763 breaks down with volume, if it can't recover on the retracement, enter short on the right side, recover stop loss, pay attention to volume changes, and set a good stop loss.
At 103402, if a false breakdown occurs, recover and add a light long position; if it breaks below 102839, set a stop loss, if it can't recover, do not go long.
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If Bitcoin stabilizes above 105476 on the hourly level, it will continue to rise, looking up at 106089-106521. As long as it stabilizes above 105476, it is a reversal.
When shorting Bitcoin, be cautious of the 106053 double bottom false breakout, short one position; if it breaks and stabilizes at 106837, set a stop loss.
Conservative players wait for: long at 101018, stop loss below 100000.
All the highs and lows on the hourly level of Bitcoin are raising, and if you still want to short, how do you know where the top is? What you should do is to close your long positions at a low instead of going short. Look at the candlestick pointed by the white arrow; it has volume and price, and you are still shorting, you really have guts.
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Upper resistance: 105508-106107-106545
Lower support: 104192-102996-102055
On the 4-hour level, if it breaks below 104343, look for lower targets at 103311-102339; as long as it does not break below 103311, nothing will happen.
Currently, it's hard to trade both long and short because Bitcoin is in a sideways market; you might as well patiently wait for Bitcoin to consolidate into a range and then act accordingly.
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$ETH 's thought:
The second Bitcoin breaks through 2409 with volume, enter long on the right side, recover stop loss.
2389 breaks down with volume, enter short on the right side, set a good stop loss.
Pull back to 2315 to confirm support is valid, add one long position; if it breaks below 2280, set a stop loss.
The second Bitcoin can break through 2432 on the hourly level, looking up at 2487-2510, but it seems to be a bit difficult.
Watch for a short at 2430 for the second Bitcoin, if it breaks 2465, set a stop loss.
Left side orders: long at 2230, stop loss below 2200.
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Upper resistance: 2430-2464-2491
Lower support: 2362-2317-2250
On the 4-hour level, if it breaks below 2358, look down at 2314-2288; as long as the second Bitcoin does not break below 2314, it will continue to rise. As long as the second Bitcoin does not break this range, the bullish trend remains very strong, meeting adjourned.