💡June 26th afternoon market outlook.💡
$BTC 's viewpoint:
The big coin has already cleared out the short liquidity around 108000 last night. Now it’s time for the big coin to choose its direction: will it be a surge followed by a pullback, or will it continue to consume the short liquidity around 112000?
The big coin broke through 107861 with volume, and the hourly closing price settled above 107861, indicating a right-side follow-up buy, with stop loss on break.
107114 broke down with volume, and if it can't recover on the pullback, follow up on the right side with a short position, with stop loss on recovery. Pay attention to the changes in volume and manage your stop losses.
At 106000, a false breakdown occurred; recover with a light long position. If it breaks below 105187, stop loss applies; if it can't recover, don't go long.
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If the big coin stabilizes above 107980 on the hourly level, continue to look upwards to 108836-109356. The more people short, the higher the big coin will rise.
Those looking to short the big coin at a high position should note that at 109711, a 2b false breakout occurred, short one unit; if it stabilizes above 110381, stop loss applies.
Cautious players wait: buy at 104210, with stop loss below 103402.
If the big coin can break and stabilize above the Fibonacci 61.8 position at 108580, then it will challenge the 1:1 upward target at 111064, and even create a new high to completely clear out the shorts. Then, it may range for a few days at a high position, making everyone think that the big coin will continue to rise, leading to a final wave of pullback where all are trapped; we don't know if the big coin is following this script, let’s wait and see.
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Upper resistance: 107940-108836-109699
Lower support: 106776-106038-105265
On the 4-hour level, if 107113 breaks down, look down to 106165-105263. As long as it pulls back without breaking below 106165, the big coin will continue upwards.
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$ETH 's thought process:
The second coin broke through 2473 with volume; follow up on the right side with a buy, with stop loss on recovery.
2422 broke down with volume; follow up on the right side with a short position, and manage your stop loss.
Pull back to 2377 to confirm effective support for an additional long position; stop loss applies below 2333.
If the second coin stabilizes at 2486 on the hourly level, look upwards to 2525-2547. A breakthrough at 2525 indicates that the second coin is starting to strengthen.
Watch for the second coin at the upper level for a short position at 2506, with stop loss above 2547.
Left-side order: buy at 2317, stop loss below 2280.
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Upper resistance: 2486-2506-2547
Lower support: 2440-2405-2375
On the 4-hour level, if 2404 breaks down, look down to 2377-2317. No matter how the second coin pulls back, as long as it doesn’t reverse the bullish engulfing at the daily level, everything is fine. Meeting adjourned.