6.30 Bitcoin/Ethereum Market Analysis and Thought Reference
Good afternoon everyone! Bitcoin showed obvious signs of a pullback last week, but the bulls defended strongly. The weekly candlestick ended two consecutive bearish candles with a large bullish candle, opening above the upper track. The MACD bullish momentum has not significantly diminished, and the KDJ golden cross is trending upwards, so the bearish operations should not be blind; although the daily candlestick level shows that the Bollinger upper track is pressing down around 110,000, the MACD bullish momentum is increasing, and the KDJ has not crossed down, so operations need to be cautious, neither blindly chasing up nor entering long positions at high levels, and stop-loss must be set properly.
Old Yang believes that it is difficult to pull up without a deep bottom probe in the market, but this is a personal subjective judgment, and the actual situation should be based on the market. Intraday, one can rely on 108,600, 109,500, and 110,500 as upper resistance levels to look for pullbacks. If the daily candlestick does not break through the downward trend line resistance, the high-short strategy should still be maintained, with pullback targets looking towards 107,700, 106,800, and 105,500;
Ethereum's price has risen above the daily middle track and is about to face the previous entity resistance around 2,550. Intraday high-short operations can be arranged near 2,520, 2,550, and 2,590, targeting down towards 2,470, 2,430, and 2,380. At the same time, I remind everyone to remain rational, strictly control positions, and avoid impulsive trading. #币安Alpha上新 $BTC