6.6 Evening Bitcoin and Ethereum Market Analysis ~ Trump and Musk passionately insulting each other. The ones getting hurt are the momentum traders.
Last night's market surged high before plummeting. The reason for the surge was the European Central Bank reducing interest rates to 2%, but the gains were erased after the ECB president hinted that the EU would end the interest rate cut cycle.
During the US stock market session, due to the fallout between Musk and Trump, Tesla plummeted, dragging down the NASDAQ index, and the stable market expectations for CRCL (the issuer of USDC) were affected by factors such as capital diversion from stablecoins, leading to significant declines in Bitcoin and Ethereum. (Unfortunately, the high-level layout we made in the early morning did not get executed.)
Currently, after a sharp rebound in Bitcoin, the price is once again near the MA5 daily moving average. The MA5 and 10-day moving averages still show a slight downward trend. The MACD is slowly moving at the bottom, and the KDJ three lines are showing a short-term upward pattern. Combined with the 12-hour line, the current MA30-day moving average and BOLL bands still show an overall downward trend. The current middle track and MA30 still represent short-term overhead resistance that cannot be effectively maintained. Bitcoin still has the risk of a second dip.
The resistance reference for the high point is: 105800-106800. If the short-term price rebounds, it cannot effectively break through any upper resistance; it is advisable to maintain a high-level outlook.
After the intraday and evening rebound repair on the 4-hour line, Bitcoin is once again running near the MA30-day moving average and BOLL middle track. From a short-term indicator perspective, the market shows a slight rebound sentiment. However, there is still strong resistance above on the daily and 12-hour lines. As long as the short-term Bitcoin rebound cannot effectively stabilize above the 105800-106800 range, my personal view is that it is still prudent to maintain a high-level rebound perspective from early morning to morning.
Operational strategy: 105200-105800 range Target: 103000-102000 Stop loss at 106100
Ethereum's overall trend is basically in sync with Bitcoin, but its strength and resilience are weaker than Bitcoin's. Coupled with strong resistance on the daily and 12-hour lines, the short-term outlook remains the same as Bitcoin's, maintaining a high-level rebound perspective.
Operational strategy: 2525-2555 range Target: 2480-2420 Stop loss at 2575
For the short-term trend, it is expected to be sufficient, and I will continue to follow up.#加密市场回调 #美国加征关税 