Evening Crypto Market Update on June 26: Focus on Key Support Levels and Look for Long Positions

Recently, the crypto market has surged sharply, showing strong momentum. Bitcoin has taken the lead, with its price skyrocketing from 98,000 to the 108,000 mark, resulting in a heightened enthusiasm for long positions among investors, and the overall market sentiment continues to rise.

From a technical analysis perspective, the 4-hour chart indicates that the moving average system is gradually converging. At first glance, the upward momentum seems to have weakened. However, considering the strong market structure and the relationship between volume and price, the current market trend resembles a continuation pattern in an uptrend. It's akin to the calm before a storm; after a brief consolidation, the market is likely to regain strength and make significant strides towards higher price levels.

Based on this market assessment, the following trading strategies are proposed for investors:

• Bitcoin: 107,000 is the key support level to watch tonight. If the price retraces to this level and signals a stabilization through patterns like a hammer or engulfing candle, investors can adopt a pyramidal approach to gradually build long positions, setting the initial target price around the strong resistance level near 108,500.

• Ethereum: The 2,450 support level is significant. If the price retraces to this point tonight and shows multiple tests without breaking down, or if there is a noticeable decrease in trading volume confirming effective support, seize the opportunity to go long, with the upper target set at the 2,550 round number.

It is important to emphasize that the crypto market is unpredictable, and price changes occur rapidly. Investors must remain vigilant at all times, closely monitoring the direction of capital flow and changes in market structure. They should also carefully formulate trading plans based on their trading style and risk tolerance.

The above content is compiled based on online information and does not constitute any investment advice. Market risks are omnipresent, and investments should be approached with caution. #币安Alpha上新 $BTC $ETH