June 30th Bitcoin and Ethereum Analysis and Summary
The intraday market has basically completed its movement, with Bitcoin peaking at around 108780 and finding support at around 107000-106500. Ethereum followed Bitcoin's trend, reaching around 2520 before sliding down to around 2430. Old Wang did not make many moves during the day, mainly managing friends who followed his trades, capturing only 1500 points with a loss of 402 points. The weekend's fluctuating market continues like this; even the most evident structures can't withstand the impact of news, so we must always remain vigilant. Old Wang has only been able to gain some profit from this wave of market movement based on years of on-site experience.
In the daily structure for Bitcoin, after a series of bullish candles, a bearish candle has appeared, with the lower shadow of the bearish candle extended, indicating a rebound trend. In the four-hour structure, the MACD has formed a golden cross above the water, and the red momentum bars are continuously increasing, showing initial bearish momentum. The RSI technical indicator is also showing an oversold trend, and the Bollinger Bands continue to remain parallel, suggesting that future fluctuations will still operate within the range. In the one-hour structure, after the price formed an M-top pattern, it has continued to decline with consecutive bearish candles. Upon reaching the support level, it surged back up to the middle track, indicating that the bullish forces are still trying to support the price. However, the MACD technical indicator still showed a golden cross below the water, indicating that the bearish momentum is still increasing. In summary, Old Wang believes the price will still experience a slight pullback before continuing to rise, so he plans to wait for a pullback before entering long positions in the early hours.
Trading Suggestions:
Buy Bitcoin around 107300-106800, targeting around 108200.
Buy Ethereum around 2460, targeting around 2510.
The intraday market has basically completed its movement, with Bitcoin peaking at around 108780 and finding support at around 107000-106500. Ethereum followed Bitcoin's trend, reaching around 2520 before sliding down to around 2430. Old Wang did not make many moves during the day, mainly managing friends who followed his trades, capturing only 1500 points with a loss of 402 points. The weekend's fluctuating market continues like this; even the most evident structures can't withstand the impact of news, so we must always remain vigilant. Old Wang has only been able to gain some profit from this wave of market movement based on years of on-site experience.
In the daily structure for Bitcoin, after a series of bullish candles, a bearish candle has appeared, with the lower shadow of the bearish candle extended, indicating a rebound trend. In the four-hour structure, the MACD has formed a golden cross above the water, and the red momentum bars are continuously increasing, showing initial bearish momentum. The RSI technical indicator is also showing an oversold trend, and the Bollinger Bands continue to remain parallel, suggesting that future fluctuations will still operate within the range. In the one-hour structure, after the price formed an M-top pattern, it has continued to decline with consecutive bearish candles. Upon reaching the support level, it surged back up to the middle track, indicating that the bullish forces are still trying to support the price. However, the MACD technical indicator still showed a golden cross below the water, indicating that the bearish momentum is still increasing. In summary, Old Wang believes the price will still experience a slight pullback before continuing to rise, so he plans to wait for a pullback before entering long positions in the early hours.
Trading Suggestions:
Buy Bitcoin around 107300-106800, targeting around 108200.
Buy Ethereum around 2460, targeting around 2510.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
107,075.3
-1.24%