The large pancake at $BTC is still quite strong. Yesterday, our long position near 104660 has also increased, now arriving at the line of 107850, having gained over 3200 points. The current price here has some slight resistance, so I suggest that those with heavy positions reduce their holdings. Today, the long position near 105600 dropped to around 105900, and I couldn't get in. The long position near 2393 yesterday at $ETH also reached around 2480 early in the morning before starting to retrace, and it still hasn't effectively broken through, which is a bit weak. Today's long position at 2420 just entered the market, and it currently has only a mere floating profit of 20 points. Let's continue to wait. Yesterday, I also reminded everyone to reduce their positions, so just take the breakeven loss and gamble accordingly.👌

🚨6/24 Afternoon BTC/ETH Market Update🚨

🔶 Recent news has driven a sharp decline, and the platform has also been silent for a week. Market movements driven by news are not my strong suit, so I took a few days to travel last week, focusing only on areas where I excel. When the market is driven by news, I refrain from participating to avoid misleading everyone. I've been monitoring the market for several hours this morning, and I personally believe that a bottom has been established, with an arc bottom pattern appearing on the hourly level. Today's strategy is mainly to go long at lower prices, as detailed below:

🔶 The early morning surge of $ETH to near the neck of the arc bottom pattern faced slight resistance and moved downward. Therefore, around the current price of 2393 is a good opportunity to participate in a low long position, along with support around the extension line at 2360, and the baseline support near 2313. These positions are suitable for going long at lower prices. However, it is important to note the resistance above at around 2421, 2500, and 2612. These levels can serve as our take-profit targets for this long position.

🔶 A strong bullish candle yesterday at $BTC directly reversed the situation, rising from a low of 98180 to the 106080 level, which is quite strong, gaining 7900 points. The current price near 104660 offers support, with additional support at 104400 near the daily baseline and 103450, as well as support around 102150. These positions are suitable for participating in a low long. The current price around 104660 can be used to enter a position, and additional purchases can be made at the support levels below. We need to pay attention to the resistance above at 105600, as well as near 106250 and 108400, which will be our take-profit targets for this long position.

⚠️: Please note that all the points mentioned above are conclusions drawn solely from the market chart and technical indicators, which are subject to real-time fluctuations and influenced by news. There is a deviation of ±100 points for Bitcoin and ±5 points for Ethereum. These are purely personal opinions for reference only; profits and losses are at your own risk!

#加密市场反弹