June 13 Bitcoin Ethereum Trading Opportunities:
Bitcoin Perspective
Bitcoin is currently showing a downward trend on the daily chart after three consecutive days of decline, pulling the trend back into a larger range. On the 4-hour chart, the downward trend is still in play. From the 1-hour structure, the downward trend on the 4-hour chart has not yet ended, as the 1-hour chart is currently in the third wave of a downward movement, and there is no sign of a bullish divergence. Therefore, today we can only continue to short in the smaller time frames, following the trend.
Today's Strategy:
Short near 106000 with a 15-minute (5-minute) bearish divergence.
ETH Market Perspective
ETH is showing a continued downward adjustment on the daily chart, transforming the original upward trend into a range. From the 4-hour chart, the downward wave starting from 2879 has not yet ended, as the 1-hour chart is currently in the third wave of a downward movement, and the bearish volume bars are consistently increasing without signs of a bullish divergence. Therefore, we expect the market to continue moving downwards towards new lows. Thus, today we can only continue to short in the smaller time frames, following the trend.
Today's Strategy:
Short between 2700-2650 with a 15-minute (5-minute) bearish divergence.
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