Daily Market Update BTC.ETH 6.20
Good evening, brothers. The market has now broken out of the sideways consolidation zone. This afternoon's high tested around 106400. Next, we need to see if the U.S. stock market opening tonight can help us hold above 106000. If it stabilizes, we can continue to push higher!
Currently, keep an eye on the support at 104500. If it doesn't break below this level in the four-hour timeframe, the market will continue to push up to 106500-107500-108300. If it breaks, we will look lower at 103500-102600-100500 for a bounce! The current trend is still a strong bearish trend; rebounds should be taken at high points!
Now, regarding Ethereum,
Focus on the trend line at 2510. If it doesn't break in the four-hour timeframe, it will continue to test the resistance levels at 2550-2580-2620-2650. If it breaks below 2510, we will look at 2480-2450-2380 for a bounce!
For today's operations,
High short positions to watch are 107500-108300.
For Ethereum, watch 2620-2655.
The current trend is low long and high short. If you don't have any positions, there's no need to rush; patiently wait for the right levels. No worries!