🚨6/30 Morning BTC/ETH Market Report🚨
🔶It's a bit early on the last day of June, primarily because I was forcibly awakened by the profit-taking alert set on my phone. Since I'm awake, I might as well write down my analysis early today. Last week was all about going long, and we were basically in a floating profit state, with not much volatility. The market has been hovering within a rectangular range. Our Bitcoin (BTC) long positions near 104660 have reached a maximum of around 108500. This morning, we tested the second profit-taking target mentioned in the weekend article, near 108350, where there is still resistance. Therefore, whether it's the long positions near 104660, 105600, 106600, or 106800, at the current price of 108350, we need to reduce our holdings to secure our profits. Today’s strategy is to look for low-entry long positions, as detailed below.
🔶Last week's article mentioned that the daily chart indicator MACD has its energy bars above the zero line, and the fast and slow lines formed a golden cross upwards. For those holding long positions, be patient. For friends who are still on the sidelines, continue to look for low-entry long positions. With the current price near 108350 touching the resistance level, I recommend not to chase aggressively but rather to reduce your holdings. Focus on the support levels for low-entry longs: around 107770, 106800, 106500, and 105000. Target the upper resistance levels around 108350, 108990, and 110700. I suggest reducing your positions once you reach your target and continue to strategize.
🔶Last week, we mentioned participating in low-entry longs around 2360, 2395, 2420, and 2450. Although the market did not fluctuate much last week, all the efforts and patience have been validated today. This morning, we peaked at 2524 before starting a retracement. I also mentioned the resistance near 2509 last week, so we still need to pay attention to that level. If it can't hold effectively, it will be difficult to go higher. Therefore, for those holding long positions, I recommend reducing your holdings around this level. For the remaining positions, secure your capital and then strategize based on stability. Today’s strategy continues to be low-entry longs, as detailed below.
🔶Today, pay close attention to the resistance situation near the current price of 2509. If it can stabilize effectively, then we can look to chase it. The conservative approach is to ambush low-entry longs near the support levels of 2450, 2420, and 2360. Continue targeting 2509, 2612, 2755, and 2800.
🔶It's a bit early on the last day of June, primarily because I was forcibly awakened by the profit-taking alert set on my phone. Since I'm awake, I might as well write down my analysis early today. Last week was all about going long, and we were basically in a floating profit state, with not much volatility. The market has been hovering within a rectangular range. Our Bitcoin (BTC) long positions near 104660 have reached a maximum of around 108500. This morning, we tested the second profit-taking target mentioned in the weekend article, near 108350, where there is still resistance. Therefore, whether it's the long positions near 104660, 105600, 106600, or 106800, at the current price of 108350, we need to reduce our holdings to secure our profits. Today’s strategy is to look for low-entry long positions, as detailed below.
🔶Last week's article mentioned that the daily chart indicator MACD has its energy bars above the zero line, and the fast and slow lines formed a golden cross upwards. For those holding long positions, be patient. For friends who are still on the sidelines, continue to look for low-entry long positions. With the current price near 108350 touching the resistance level, I recommend not to chase aggressively but rather to reduce your holdings. Focus on the support levels for low-entry longs: around 107770, 106800, 106500, and 105000. Target the upper resistance levels around 108350, 108990, and 110700. I suggest reducing your positions once you reach your target and continue to strategize.
🔶Last week, we mentioned participating in low-entry longs around 2360, 2395, 2420, and 2450. Although the market did not fluctuate much last week, all the efforts and patience have been validated today. This morning, we peaked at 2524 before starting a retracement. I also mentioned the resistance near 2509 last week, so we still need to pay attention to that level. If it can't hold effectively, it will be difficult to go higher. Therefore, for those holding long positions, I recommend reducing your holdings around this level. For the remaining positions, secure your capital and then strategize based on stability. Today’s strategy continues to be low-entry longs, as detailed below.
🔶Today, pay close attention to the resistance situation near the current price of 2509. If it can stabilize effectively, then we can look to chase it. The conservative approach is to ambush low-entry longs near the support levels of 2450, 2420, and 2360. Continue targeting 2509, 2612, 2755, and 2800.
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BTC
118,690.8
+0.61%
ETH
3,691.79
+2.39%