🤓 Market Insights on June 30. 🤓
$BTC 's View:
Last night, after Bitcoin broke through 108000, it retraced to 107240, did that scare everyone? A breakout and retracement is a healthy market.
Bitcoin broke through 108539 with volume, and the hourly closing price settled above 108539, pursue long positions on the right side, with a stop loss on a breakout.
If it drops below 108390 with volume and fails to recover, pursue short positions on the right side, and set a stop loss for recovery; pay attention to volume changes and manage your stop losses.
At 107226, if a false breakdown occurs, recover with a light long position of one lot; set a stop loss at the fake breakdown low or below 106301, and do not add more if it fails to recover.
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The hourly level breakout at 108918 looks upward to 109857-110690.
For shorting Bitcoin, watch for a 2b false breakout at 110717 to short one lot, and set a stop loss if it stabilizes above 110332.
Conservative traders wait: long at 105744, stop loss at 105188.
Bitcoin successfully broke through the box drawn at the hourly level, 108027, and confirmed support by retracing to the descending trendline, continuing to rise. The key resistance above is 108960. Why does it pull back near 108960? Because this is resistance and will also see corresponding pullbacks due to caution. However, remember that resistance is meant to be broken. If it doesn’t break once, it will break twice; it will eventually break through. Draw this trendline yourself; as long as it doesn’t break this trendline, the bulls are safe. This trendline will change as time passes and prices change.
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Upper pressure: 108960-109830-110332
Lower support: 108188-107237-106301
At the 4-hour level, if it breaks below 108021, look downward to 107122-106305.
Absolutely avoid the thought of shorting just because it has risen a lot and you want to catch a pullback.
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$ETH 's Thought:
For Ethereum, break through 2510 with volume and pursue long positions on the right side, with a stop loss for recovery.
If it drops below 2502 with volume, pursue short positions to catch the pullback, and manage your stop loss properly.
If it retraces to 2465 and confirms effective support, add one more long position; set a stop loss at 2426.
Ethereum's hourly level is looking up to 2589-2615 after breaking and stabilizing above 2547.
Watch for a short position at 2615, with a stop loss at 2656.
Left-side orders: long at 2407, stop loss at 2378.
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Upper pressure: 2547-2592-2615
Lower support: 2464-2426-2406
At the 4-hour level, if it breaks below 2464, look downward to 2424-2404. Ethereum's hourly level shows this doji star closing poorly; only by breaking the highest price of this doji star can Ethereum continue to rise. Meeting adjourned.
