🚨6/13 Morning BTC/ETH Market Report🚨

🔶Market trends are constantly changing, and technical indicators can’t match the reality brought by news. With the onset of war, prices continue to plummet, leading to widespread collateral damage. Of course, the Er family army couldn’t escape unscathed either, as yesterday's long positions were ruthlessly swept away. We cannot control the market driven by news, so let’s adjust our mindset and continue moving forward.

🔶This morning, the price of $BTC dropped to around 1 0 2 6 0 0, which is precisely where the Fibonacci retracement at 0.5 began to rebound. The high point of 110650 was also our previous long position's take profit level, after which it dropped sharply by 8000 points. The influence of news is indeed significant. Currently, the support levels are around 102650 (Fibonacci retracement 0.5), as well as 101500 and 100460. It is recommended to consider these two positions for another low long bet, aiming for 104000～104700～106000～107000.

🔶Currently, $ETH is facing resistance around 2547 and 2560, as well as around 2616. It is suggested to continue waiting for support below before attempting to bet on long positions. Short positions are not recommended. Personally, I feel that the chances increase the more the price drops. It’s rare to catch a falling knife. It’s advisable to mainly focus on the lower levels around 2398 and 2380 for a low long entry. Keep an eye on the upper levels 2546～2616～2638～2650～2750～2850～2975, and it is suggested to reduce positions once the target is reached before betting again.

⚠️All the above levels have a deviation of ±100 points for Bitcoin and ±5 points for Ethereum. The conclusions drawn from the chart and technical indicators are subject to real-time changes and the influence of news. Please adjust according to your actual situation. The above is purely personal opinion for reference, and profits and losses are at your own risk!#加密市场回调