Cryptocurrency Expert: The Bitcoin daily divergence has lasted long since June 14, how much longer can the bulls hold on? Ethereum is deeply trapped in the 'abyss of despair', is there a bottom-fishing opportunity or a 'bottomless pit'? Latest market analysis reference
As of the time of writing, the current price of Bitcoin is 105600, with a daily K-line high of 106000 and a low of 102650. Bitcoin continues to consolidate at a high level, and the daily divergence has been present for a long time. The MACD shows a decrease in volume while accumulating positions, but both the DIF and DEA remain at a high level without breaking the zero axis. The daily K-line has broken below the middle track of 106400, paying attention to the lower track support at 101850. The four-hour fast line has entered a short trend. After the K-line broke below the EMA trend indicator, it began to test the trend resistance level around 106000. The MACD has reduced volume, and the short-term upward pull can be monitored. If the trend resistance level does not break, it can be considered to attempt a short position; if it breaks, it is necessary to consider whether the bulls will open up, with a mindset of being prepared for both scenarios
Daily point reference:
If the upper range of 106000 to 106400 does not break, go short, with a target of 105500 to 105000. If it breaks, look for 104500 to 104000, with a stop loss of 300 points.
If the upper range of 106000 to 106400 breaks, go long, with a target of 107000 to 107500. If it breaks, look for 108000 to 108500, with a stop loss of 300 points.
Ethereum (ETH) latest market analysis reference
As of the time of writing, the current price of Ethereum is 2550, with a daily K-line high of 2645 and a low of 2433. The three consecutive declines continue to probe the bottom, forming three crows in a bearish trend, continuously breaking through short and medium-term trend support. Focus on the EMA120 trend support at 2370 and the lower track support of the Bollinger Bands at 2400. The short-term bearish trend is quite obvious on the four-hour K-line, with a rebound after hitting the EMA120 resistance level at 2580, indicating effective pressure and continuation of the bearish trend. After the MACD reduces volume, the DIF and DEA have begun to fall below the zero axis. Overall, the short-term bearish trend is evident, and the key resistance level not breaking continues the bearish trend.
Daily point reference:
If the upper range of 2580 to 2610 does not break, go short, with a target of 2550 to 2500. If it breaks, look for 2450, with a stop loss of 30 points.
If the upper range of 2580 to 2610 breaks, go long, with a target of 2650 to 2700. If it breaks, look for 2750, with a stop loss of 30 points.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of the article, and it is recommended for reference only, with risks borne by the reader.