2024.6.3 Bitcoin Market Analysis and Operation Suggestions
After Bitcoin closed negative last week, the price began to fluctuate and fall, and the weekly line gave a certain peak signal. At present, it is necessary to find new support to continue to rise. The volatile market of the daily line for many days has caused the Bollinger Bands to gradually close. The MACD indicator of the attached figure has changed its long and short volume. The short position has begun to exert its strength, and the fast and slow lines have slowly opened. The following is a specific market analysis and operation suggestions:
Short-term support and pressure analysis
Daily Analysis On the daily chart, Bollinger Bands are closing, MACD bearish force is gradually increasing, and the fast and slow lines form a dead cross. It is recommended to pay attention to the support strength of the $66,100 line below.
Four-hour line analysis On the four-hour line, Bitcoin is running in a volatile downward space as a whole, focusing on whether the support of $67,100 is effective. At the high of $68,800, short orders can continue to be arranged.
One-hour line analysis On the one-hour chart, the three lines of the Bollinger Bands are open and running. The lower pin at 3 am gave the upward momentum in the morning, but if the $68,200 level is not broken, the price may still reach a new low.
Recommendations
Steady callback to go long
Support levels: $66,100, $67,100
Trading suggestion: Look for support and go long in the $66,100 and $67,100 areas, set the stop loss below $65,900, and target $68,000 and $68,800.
High-level layout short
Pressure level: $68,800, $68,200
Trading suggestion: Place short orders in the $68,800 and $68,200 areas, set the stop loss above $69,000, and target $67,000 and $66,000.
Technical indicator observation
Bollinger Bands: Closing, indicating that price volatility is decreasing and there may be a direction choice in the short term.
MACD: The fast and slow lines form a dead cross, and the short-selling force increases.
K-line pattern: The current price is fluctuating near the middle track of the Bollinger Band. It is necessary to pay attention to whether the support level can be maintained.
Summarize
Bitcoin is currently in a volatile decline, and technical indicators show that the short-selling force is gradually increasing. Intraday operations should focus on the support strength of $66,100 and $67,100. If the support can be maintained, a steady callback can be considered for long positions. The high level of $68,800 is suitable for short positions and flexible response to market fluctuations.
2024.6.3 Ethereum market analysis and operation suggestions
Ethereum closed negative last week. Currently, $3,650 has become an obvious support level, while $3,800 has formed a new resistance level on the daily chart. The fast and slow lines on the MACD indicator in the attached figure are dead crosses, and the long and short volumes have changed significantly. The daily chart focuses on the resistance level of $3,800. The following are specific market analysis and operation suggestions:
Short-term support and pressure analysis
Daily analysis On the daily chart, $3,800 has formed an obvious suppression, MACD fast and slow lines are dead crosses, and the short-selling force is strengthened. It is necessary to focus on the suppression strength of $3,800.
Four-hour line analysis On the four-hour chart, $3,730 is the support position of the four-hour head and shoulders neckline. At the same time, we need to pay attention to the support strength of the $3,700 integer mark.
One-hour line analysis On the one-hour chart, the price shows a short-term downward channel and continues to fluctuate, and no ideal entry point has been given yet.
Recommendations
Steady callback to go long
Support levels: $3,650, $3,700
Trading suggestion: Look for support and go long in the $3,650 and $3,700 areas, set the stop loss below $3,630, and target $3,750 and $3,800.
High-level layout short
Pressure level: $3,800, $3,730
Trading advice: Place short orders in the $3,800 and $3,730 areas, set the stop loss above $3,820, and target $3,700 and $3,650.
Technical indicator observation
Bollinger Bands: Closing, indicating that price volatility is decreasing and there may be a direction choice in the short term.
MACD: The fast and slow lines cross, and the short-selling force increases.
K-line pattern: The current price is fluctuating near the middle track of the Bollinger Band. It is necessary to pay attention to whether the support level can be maintained.
Summarize
Ethereum is currently in a volatile decline, and technical indicators show that the short-selling force is gradually increasing. Intraday operations should focus on the support strength of $3,650 and $3,700. If the support can be maintained, a steady callback can be considered for long positions. The high level of $3,800 is suitable for short positions and flexible response to market fluctuations.
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