🚨6/27 Afternoon BTC/ETH Market Speed Report🚨
🔶$BTC In yesterday's article, it was suggested to ambush low longs near 106600. There was an entry at midnight yesterday, with a low reaching 106500 which received effective support, and a high reaching 107970, providing a profit space of 1300 points. The price is now retracing again; if the position is still open, it is recommended to reduce the position and ensure a break-even stop before continuing to gamble. According to the chart of Bitcoin, the movement is still relatively stable. Ethereum remains quite weak. So let's find the answers in the charts.
🔶 The daily chart indicator MACD has green energy bars above the zero axis, and the fast and slow lines have formed a golden cross expanding upwards. The RSI9 daily moving average also shows signs of turning upwards. The smaller time frame indicators need to retrace, so attention can be paid to the support near 106800, as well as support near 106600 and 106100. These positions can be used to gamble on long positions. The resistance levels above are 107800～108350～109000～110700, which can be taken as the profit-taking target for this time. Upon reaching the target, one can reduce the position and change to break-even before continuing to gamble!
🔶$ETH This morning, the lowest point touched 2377 began to rebound. The long positions around 2450～2430 given in yesterday's chat room allowed everyone to hold for a while. Currently, it has broken below 2450, where there may be some resistance. If long positions were added below, then part of the added position should be reduced around 2450, waiting to test the support around 2395 before mainly participating in low longs, as well as ambushing low longs near 2360. Ethereum has been relatively weak recently, and the position does not need to be too large; participating in Bitcoin is still viable. The upper targets for this long position can be set as 2450, 2509, and 2610 for staggered profit-taking!
🚨 Note that all the entry and exit points above are conclusions drawn solely from chart patterns and technical indicators, and may be subject to real-time changes and news stimuli, as well as point deviations: Bitcoin ±100 points deviation, Ethereum ±5 points deviation. This is purely personal opinion for reference only; profits and losses are at your own risk!
