6.26 Morning Thought Analysis
Yesterday's market performance of Bitcoin met expectations, after the key resistance level of 108,000, it faced pressure and could not stabilize effectively, leading to a decline.
The four-hour K-line's eight consecutive upward days have ended, and the KDJ has formed a downward trend while the MACD bullish momentum starts to weaken. This indicates a possibility of a pullback. However, an upward trend has formed, and combining the above morning thoughts around low buying strategies, ensure to set stop losses and avoid going against the trend.
Morning Trading Strategy
- Buy Bitcoin around 106,000-106,500, targeting around 108,500. If it breaks above, look further to 110,000.
- Buy Ether around 2,380-2,400, targeting around 2,480. If it breaks above, look further to 2,550.
