6.24 Morning Analysis
News has impacted the Iranian side's agreement to ceasefire, and both sides will maintain peace and respect. From the 98100 line, it rose to 106000, and after the US stock market opened, it retraced a bit before surging directly. Low-position long positions can continue to be held.
On the four-hour level, Bitcoin has strongly broken through the middle Bollinger Band pressure, maintaining an upward trend with a short bullish candlestick's lower shadow being recovered, indicating that the bulls are in control. The morning low long strategy is suggested, with proper stop-loss management and avoid counter-trend trading.
Morning trading strategy
- Long Bitcoin around 104500-104000, targeting near 106500. If it breaks, further looking at 108000.
- Long Ether around 2350-2330, targeting near 2440, if it breaks, further looking at 2500.
