6.6 Friday Morning Bitcoin Ethereum Market Analysis and Trading Suggestions
Good morning, friends! Looking back at the bearish outlook given at midnight yesterday, Bitcoin rose to 105,878 in the evening before continuing to decline, hitting a low near 100,305. Early in the morning, Lao Tian continuously advised to lay out short positions, which successfully captured a profit of 1,743 points in real trading. Ethereum also declined from 2,634 to a low of 2,390. Currently, both sides are showing a rebound. For aggressive short-term traders, it may be worth attempting a light position to catch a rebound at the current price. Our short position layout will wait for a rebound to higher levels before entering the market again.
From a daily perspective, the price has strongly broken below the lower Bollinger Band, creating a one-sided downward trend, and only found some support and rebounded near the 100,000 mark. The main trigger for this significant decline was the concentrated release of negative fundamental news (including statements from Federal Reserve officials, comments related to Trump, and the sharp drop in U.S. stock market closing prices). After such a large market movement, it usually takes time for the market to digest the momentum. It is expected that after the stop-loss rebound is completed, the market will enter a phase of consolidation and adjustment. In the short term, the current price on the hourly chart is fluctuating around the lower Bollinger Band. The key resistance above is at the level of 102,500, which constitutes an important pressure point. If the price cannot effectively break this level, the overall pattern will still tend to correct.
Morning trading suggestions:
Bitcoin range: 102,000-102,500, looking at 100,500;
Ethereum range: 2,450-2,480, looking at 2,400.
#美国加征关税
Good morning, friends! Looking back at the bearish outlook given at midnight yesterday, Bitcoin rose to 105,878 in the evening before continuing to decline, hitting a low near 100,305. Early in the morning, Lao Tian continuously advised to lay out short positions, which successfully captured a profit of 1,743 points in real trading. Ethereum also declined from 2,634 to a low of 2,390. Currently, both sides are showing a rebound. For aggressive short-term traders, it may be worth attempting a light position to catch a rebound at the current price. Our short position layout will wait for a rebound to higher levels before entering the market again.
From a daily perspective, the price has strongly broken below the lower Bollinger Band, creating a one-sided downward trend, and only found some support and rebounded near the 100,000 mark. The main trigger for this significant decline was the concentrated release of negative fundamental news (including statements from Federal Reserve officials, comments related to Trump, and the sharp drop in U.S. stock market closing prices). After such a large market movement, it usually takes time for the market to digest the momentum. It is expected that after the stop-loss rebound is completed, the market will enter a phase of consolidation and adjustment. In the short term, the current price on the hourly chart is fluctuating around the lower Bollinger Band. The key resistance above is at the level of 102,500, which constitutes an important pressure point. If the price cannot effectively break this level, the overall pattern will still tend to correct.
Morning trading suggestions:
Bitcoin range: 102,000-102,500, looking at 100,500;
Ethereum range: 2,450-2,480, looking at 2,400.
#美国加征关税
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,880.31
0.00%
ETH
2,534.49
-0.33%
