😚June 29th midday market views.😚
$BTC 's perspective:
Isn't this market a bit too boring? It's a good choice for Bitcoin to challenge 110,000 on the daily level; if it holds for a few days, there will definitely be some chasing highs since it has touched 110,000. Retail investors will think it needs to go to the previous high or a new high, and when that happens, wouldn't it drop more smoothly thereafter?
Bitcoin's volume broke through 107444, and the hourly level's closing price is above 107444 for a right-side long position, stop loss on break.
107236 broke with volume and couldn't recover on the rebound, right-side short position, stop loss on recovery. Pay attention to volume changes and maintain a good stop loss.
At 106287, a false break below occurred; recover with a light long position of one lot, and stop loss if the false break low or below 105164 is broken; don’t go long if it can’t recover.
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Bitcoin's hourly level breaks 107543 and looks up to 108170-108992; if it stands firm at 107543, it will lead to an hourly level rise.
For those wanting to short Bitcoin at a high level, be aware that 109018 shows a 2b false break for a short position of one lot; stop loss if it stands firm at 109857.
Conservative players wait for: long at 104597, stop loss below 103788.
After two days of effort, Bitcoin finally broke through the upper boundary of the bull flag pattern; now the upper boundary of the bull flag is the support level.
As long as it pulls back without breaking the upper boundary of the bull flag, Bitcoin will continue to oscillate upward around the upper boundary of the bull flag. If it breaks the upper boundary of the bull flag, it will need to return to the bull flag channel to continue trading.
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Upper resistance: 107543-108137-108936
Lower support: 106386-105230-104603
On the 4-hour level, if 106346 breaks down, watch for 105487-104670; if 105487 is broken, Bitcoin will undergo a 4-hour level correction, focusing on the 105487 position.
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$ETH 's thoughts:
Ethereum's volume broke through 2437 for a right-side long position, stop loss on recovery.
2423 broke with volume for a right-side short position, maintain a good stop loss.
Pull back to 2389 to confirm effective support with an additional long position; stop loss if broken below 2351.
Ethereum's hourly level breaks 2448 and looks up to 2481-2519; if it stands firm at 2448, Ethereum will start an hourly level rise.
For Ethereum, keep an eye on 2486 for a short position of one lot; stop loss if broken above 2520.
Left-side orders: long at 2345, stop loss below 2315.
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Upper resistance: 2445-2484-2520
Lower support: 2417-2377-2347
On the 4-hour level, if 2384 breaks down, watch for 2347-2315.
The trend line drawn in the chart has already been broken; short positions cannot be established before breaking this trend line, only short term shorts, meeting adjourned.