6.24 Morning Analysis
From a technical indicator perspective, the MACD continues to shrink in volume, but is continuously accumulating downward, with the mid-track resistance at 105000 still standing like a mountain ahead. However, it is worth noting that the current market conditions are approaching the extremely oversold area, which means that the downward space is relatively limited, and perhaps a good opportunity for a rebound is quietly brewing. The market conditions in the early morning are particularly strong, with a powerful rise from the 99500 line, climbing nearly 5000 points in a short time, showcasing the explosive potential of the market.
Switching the perspective to the four-hour level, the top pressure level for Bitcoin shows a continuous downward trend, while the support level remains relatively solid. The MACD bottom divergence pattern has formed, and the main trading tactics are evident, where after a short downward spike, there is a quick rebound, continuously facilitating trades in the market. Although the DIF and DEA have formed a golden cross, considering that the market had already seen a significant rise previously, the downward force still dominates according to the overall trend. In future operations, it is recommended to focus on placing buy orders at the pressure level, supplemented by a small amount of sell orders as assistance.
Suggestions
Bitcoin: You can place buy orders around 105000 - 106000, aiming for 102000 - 101000.
For Ethereum, you can place buy orders around 2430 - 2480, aiming for 2370 - 2320.
From a technical indicator perspective, the MACD continues to shrink in volume, but is continuously accumulating downward, with the mid-track resistance at 105000 still standing like a mountain ahead. However, it is worth noting that the current market conditions are approaching the extremely oversold area, which means that the downward space is relatively limited, and perhaps a good opportunity for a rebound is quietly brewing. The market conditions in the early morning are particularly strong, with a powerful rise from the 99500 line, climbing nearly 5000 points in a short time, showcasing the explosive potential of the market.
Switching the perspective to the four-hour level, the top pressure level for Bitcoin shows a continuous downward trend, while the support level remains relatively solid. The MACD bottom divergence pattern has formed, and the main trading tactics are evident, where after a short downward spike, there is a quick rebound, continuously facilitating trades in the market. Although the DIF and DEA have formed a golden cross, considering that the market had already seen a significant rise previously, the downward force still dominates according to the overall trend. In future operations, it is recommended to focus on placing buy orders at the pressure level, supplemented by a small amount of sell orders as assistance.
Suggestions
Bitcoin: You can place buy orders around 105000 - 106000, aiming for 102000 - 101000.
For Ethereum, you can place buy orders around 2430 - 2480, aiming for 2370 - 2320.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
106,074.58
+2.28%