🚨6/26 Morning BTC/ETH Market Update🚨
🔶The recent market has been driven by news, but our long positions have been very profitable, such as the long position near 104660 for Bitcoin two days ago, which has reached around 1 0 8 0 9 0, and the long position near 2393 for Ethereum, as well as the long positions near 2 4 2 0 to 2 3 6 0 from yesterday, with some reaching around 2480. I wonder how many of you managed to seize these opportunities!
🔶This morning at 29902008373, Ethereum began to attack upwards, as shown in the chart below (Chart 3). Currently, there is slight resistance around 2480 and 2505. We need to pay attention to these two levels for our long positions. If we can effectively hold above 2505, the bulls are likely to stand up again. However, the market is never 100% certain. What we can do is timely reduce our positions and secure our capital before making further bets. There’s actually not much to say today; the support and resistance levels remain the same. Just continue to refer to yesterday's levels and the midnight levels. Those holding long positions should reduce their positions timely and switch to securing capital before further speculation.
🔶Due to only having the long position near 104660 from the day before yesterday still active, and the long position from yesterday at 105600 differing by 300 points, today we will mainly discuss Bitcoin. Currently, the resistance around 107750 still exists. The daily chart has shown 4 consecutive days of gains, and the MACD green energy bar has also risen above the zero axis. The fast and slow lines have formed a golden cross, indicating signs of accumulation. Since Bitcoin is performing strongly, let’s be a little more aggressive today. We can consider participating in long positions around the support level near 106600, while being cautious of the resistance levels around 107700 and 108350 to 108990. After reaching the target, we will reduce our positions and continue to look at around 110700!
⚠️ Please note that all the above points are conclusions drawn solely from chart patterns and technical indicators, and there may be real-time fluctuations and influences from news. The above points may have deviations: Bitcoin ±100 points, Ethereum ±5 points deviation, purely personal opinions for reference only, profits and losses are the responsibility of the individual!
