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6.16 Short-term rebound focus on breaking through the pressure range of 10.62-10.66, midday Bitcoin and Ethereum market analysis strategy

From the daily chart of Bitcoin, the price has mainly oscillated around the range of 10.45-10.6 in recent days. The short-term pressure level on the daily chart focuses on the MA30 moving average of 10.66. Pay attention to whether it can break through and stabilize above 10.66 during the day. If it stabilizes, it will continue to return to a bullish trend; otherwise, it may fall back to the 4-hour MA256 moving average line at 10.48. First, focus on whether it can break through and stabilize above 10.6 in the short term.

From the daily chart of Ethereum, yesterday's daily line closed with a small red line. The short-term is approaching the daily MA30 moving average pressure level of 2580. If it breaks through 2580, the short-term will continue to test the MA256 moving average line of 2670. The short-term support to pay attention to is the 4-hour MA256 moving average of 2490 and the 1-hour MA30/MA60 moving averages at 2540. First, focus on the breakout situation of the midday rebound.

Midday operation ideas (writing time: 13:00):
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Bitcoin Ethereum Technical Analysis————

The daily chart shows a bearish close on the previous candle, with the intraday opening continuing to test the support around 103000 for a rebound. The Bollinger Bands are in a flat state, with the short-term moving averages hovering around the middle band. The MACD fast and slow lines have crossed downwards again, with increasing volume bars, and the KDJ has turned downwards after forming a cross. The VR indicator is consolidating around the 110 value. On the 4-hour chart, the price has fallen below the lower band and has been recovered, with the Bollinger Bands opening up, and the short-term moving averages turning down. The MACD fast and slow lines have broken below the 0 axis and extended downwards, with volume bars decreasing. The KDJ is crossing upwards while the VR indicator is consolidating around the 70 value. Overall, this wave of decline may have been prolonged due to geopolitical influences, but as long as the key support below holds, a rebound is expected in the short term, with short-term resistance to watch at around 107000. Short-term trading advice is suggested.

Short-term advice for Bitcoin: short at 106600 (short at 108700), long at 103800 (long at 101800) (strategy activation has profits, manage it yourself)

Ethereum has also followed the decline of Bitcoin, rebounding after testing support. The technical analysis is linked to Bitcoin for reference, with the short-term key support below at around 2400 and 2300. For resistance, we will temporarily refer to the previous upper edge of the range. Short-term trading advice is suggested. PS: If Bitcoin or Ethereum breaks key support, be cautious with long positions.

Short-term advice for Ethereum: short at 2600 (short at 2688), long at 2478 (long at 2380). More analysis on other cryptocurrencies can be found by clicking the image to see the homepage introduction.
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Small talk aside, let's return to the current market situation. After the Bitcoin daily chart formed a hammer candlestick, there has been a two-day bearish pullback, and a double top structure seems to be forming. The market is currently testing support near the middle track; if it breaks down, it will continue to test the support above 103000. Therefore, in the short term, we should focus on whether the middle track can hold. The article on the 10th also reminded us that although there has been a strong bullish move, we should still be cautious of the resistance at the previous high, emphasizing the need for corrections and that we should not chase the price upward. Moving forward, while paying attention to the middle track, we should also monitor the daily closing situation.

From the 4-hour perspective, we are currently testing the support near the lower track and MA60. This can be used as a reference in the short term, as it corresponds to the daily middle track. Therefore, the short-term strategy can involve entering positions based on whether the daily middle track and the current support in the 4-hour chart can hold. Two areas will be provided as short-term references. We won't analyze the technicals for the altcoin today; the smaller timeframe is also currently testing the support area. Short-term references are as follows.

Bitcoin short-term: Buy at 106800-106000, break below at 104800-103800 to buy again. Sell at 108500-109500.

Altcoin short-term: Buy at 2720-2680, break below at 2630-2580 to buy again. Sell at 2840-2880.
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Trading Philosophy: Look at trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart closed with a bullish candlestick near 105600, the Bollinger Bands continue to run flat, the MACD moving averages continue to decline, bearish volume is starting to decrease, and the KDJ is starting to move upwards. On the 4-hour chart, the Bollinger Bands continue to narrow upwards, the MACD moving averages continue to rise, bullish volume continues to decrease, and the KDJ line is moving upwards;

For Ethereum, the daily chart closed with a bearish candlestick near 2500, the Bollinger Bands continue to run flat, the MACD moving averages continue to decline, bearish volume continues to increase, and the KDJ line continues to move upwards. On the 4-hour chart, the Bollinger Bands continue to narrow downwards, the MACD moving averages have started to rise, bullish volume continues to increase, and the KDJ line has started to move upwards;

Currently, the market is still in a consolidation phase. Although the short position set up yesterday was somewhat aggressive, it was closed with a small profit. For subsequent operations, it is advised to continue shorting on rebounds!

Trading Suggestion: Short on rebounds!

Current price for Bitcoin shorting at 106500-107000, target 105000-104000, stop loss at 108000;

Current price for Ethereum shorting at 2510-2530, target 2450-2400, stop loss at 2570;
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Since the multiple layouts of short positions above 110000 and 2730 for Bitcoin/Ethereum, the overall space is significant. Yesterday afternoon, a short position was again laid out above 105000 and 2610, with the market dropping multiple times in the evening and early morning, reaching a low of around 100300 and 2380, which also filled the space directly. Currently, the market has rebounded, but the rebound is not a reversal; it is just a repair of the short-term significant decline. It was previously emphasized multiple times that Bitcoin's weekly chart has had eight consecutive positive candles, and last week it started to retrace and show a negative candle. The market will continue to decline further, and the market has also moved as expected multiple times. The primary focus going forward should be on the daily MA moving averages and the support and resistance level at 104000 and 2520 after a short-term breakout.

Bitcoin lost the 101000 USD mark late last night, with a significant intraday decline. From the daily chart, the upward momentum is insufficient, and the price is under pressure but still within the upper band of the Bollinger Bands, operating above the ma5 and ma10. The four-hour chart shows that the Bollinger Bands are in a contracted state, with the price operating within the lower band, the MACD showing a death cross and slowly moving down above the zero axis, and the bearish sentiment starting to increase. The RSI three lines are trending down below the 50 line, and the KDJ is turning downwards, indicating a clear bearish trend in the short term. Ethereum has shown a significant overall retracement, with the upper support level at 2500 to 2520 being broken multiple times, and further reliance on this support and resistance transition suggests a gradual bearish outlook.

Trading Suggestions BTC: Near 103300 to 103800, target around 101500; ETH: Near 2470 to 2490, target around 2410. $BTC

6.5 Short-term Fluctuation Adjustment Focus on 10.55, Midday Bitcoin and Ethereum Market Analysis Strategy
Yesterday's midday article suggested going long on Bitcoin at 10.5/10.38, and for Ethereum, a short position was suggested at 2660. Bitcoin's narrow fluctuation did not yield profit, while the Ethereum short position reached the target point, gaining 60 points.

From the daily chart perspective, Bitcoin maintained its price around the daily MA30 moving average yesterday. Currently, the price has dropped below the level of 10.55. We need to monitor whether the price can break through and stabilize above 10.55 within the day. From a 4-hour perspective, the short-term resistance level is at the upper MA60/120 moving averages, around 10.6-10.65, and the short-term support level is at 10.5. It is expected that the day will mainly be characterized by narrow fluctuations and adjustments.

From the daily perspective of Ethereum, the market once again tested the daily MA256 moving average at the resistance level of 2670 yesterday. Below, it remains at the MA5/10 moving averages. We will continue to monitor whether it can successfully break through and stabilize at 2670. If it breaks through, we can follow the trend to go long; otherwise, we will continue to observe the range of fluctuation adjustments.

Bitcoin and Ethereum afternoon layout short positions have once again reached verification: Hold onto the position on June 4th to protect Lirun. Taking what should be taken, and often being stuck in positions is a normal phenomenon. It is never possible that after entering the market, the direction moves exactly as we initially intended. The market will fluctuate back and forth, and being stuck initially is a common occurrence in a constantly changing market. What we can do is to firmly hold onto our positions, but this does not mean we should stubbornly hold on without consideration. In unclear market conditions, trading should always be accompanied by stop-losses. Finding the best stop-loss point is key to analyzing the current market's critical points. In the afternoon, avoid short positions; enter Bitcoin at 105900 and Ethereum at 2640. The market continues to fluctuate downwards, and by the evening, it directly reaches around 104200 and 2600 to exit, capturing a space of 1700 and 40 points. This is operating according to the strategic thinking, and in the evening, continue to raise and focus on short positions $BTC

Currently, from the daily chart perspective, Bitcoin broke through the new high near 120,000 and gradually retraced to the support around 103,000. The support level is still being tested effectively; if it holds, the bullish trend remains unchanged. The resistance level is at 107,000. Ethereum has been in a range-bound oscillation, referencing 2,700-2,500, with a resistance level at 2,680-2,700 and support at 2,500-2,450;

From the 4-hour chart perspective, Bitcoin retraced to support at 103,000 and began to rebound, with short-term resistance at 107,000-109,000. Ethereum remains under pressure at the 2,700 level, with short-term resistance at 2,650 and support tentatively at 2,550;

Trading Strategy: The current market is generally in a correction phase, and short positions can be established near the resistance level!

Short Bitcoin at 105,500-106,000, targeting 104,000-103,000, with a stop loss above 107,500;

Short Ethereum at 2,620-2,650, targeting 2,550-2,500, with a stop loss above 2,690;
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Bitcoin/Ethereum has been consistently placing short positions in recent days, including the short position set yesterday between 2530 to 2550, which has been validated as expected. The market is currently fluctuating at a low level, with attention on the support levels of 103000 and 2450. In the evening, we can expect a rebound.

Operation suggestion: Buy Bitcoin around the current price of 13500-104000, with a target around 105500; Buy Ethereum around 2450-2470, with a target around 2530.
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#中心化与去中心化交易所

The recent market conditions for Bitcoin have been fluctuating around 105,000. Market sentiment is relatively dull, with low trading volume indicating an unclear market direction.
In the short term, although the candlestick patterns show intentions for a rebound (such as three rising soldiers and bottom formations), the lack of trading volume and significant pressure from the MA(30) suggest that the market may continue to oscillate between 104,000 and 105,555. If a short-term rebound cannot effectively break through the key resistance level of 106,000, it may still lean towards a downward trend. It is recommended that this afternoon to evening, Bitcoin can be shorted at: 105,500-105,800, with a target around 104,000; Ethereum can be shorted at 2,520-2,540, with a target around 2,450.
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#我的COS交易

Bitcoin/Ethereum continued to implement short positions yesterday, entering the market above 108000 and 2730 respectively. The market dropped significantly in the morning to around 104500 and 2556, indicating a relatively large overall decline. After the morning drop, there was some rebound, which was relatively strong, but the upper side remains under pressure. Bitcoin's daily chart has begun to show a series of consecutive bearish candles, breaking below the middle line of the Bollinger Bands, with the moving averages breaking below the 7-day and 10-day indicators at the 108000 level, subsequently forming a top-bottom conversion repression. Ethereum has still been showing a divergence pattern in recent days, with support to watch at the 2550 level.

In terms of Bitcoin/Ethereum candlestick patterns, the daily level shows a continuous decline in recent prices, forming a clear bearish trend. There have been two consecutive large bearish candles accompanied by long upper shadows, indicating heavy selling pressure above. In the 4-hour cycle, the current candlestick is in a state of consolidation, but overall it remains within a descending channel. In terms of technical indicators in the 4-hour cycle, DIF and DEA continue to stay below the zero line, and although the histogram has slightly shrunk after expanding, it indicates that bearish strength has weakened but has not yet reversed, waiting for the market to rebound before declining again.

Trading suggestions BTC: around 106300 to 106800, target near 104000; ETH: around 2640 to 2660, target near 2580.
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Ethereum once again breaks a new high today, and the trend is again within my predictions. For Ethereum to break new highs, it still needs to pull back and build strength to rise further. At the same time, the layout strategy from last night of going long first and then short has perfectly profited out!

【Analysis of Ethereum price trend from the four-hour chart】

Candlestick pattern:

The daily chart shows that the recent price has continuously rebounded from the low point near 2500, forming multiple bullish candles, overall presenting a trend of oscillating upward. On the four-hour cycle, a long upper shadow (high of 2788) appeared at 08:00 on May 29, followed by a pullback, indicating certain selling pressure in the short term.

Technical indicators:

MACD: In the four-hour cycle, both DIF and DEA are above the zero line, but the histogram is gradually shrinking, indicating weakening momentum; the daily MACD is still in a golden cross state, and the upward momentum has not yet fully exhausted.

RSI: The RSI value for the four-hour cycle is 63.7, close to the overbought zone, and may face adjustment pressure in the short term; the daily RSI remains above 60, indicating that the medium-term upward trend is still healthy.

EMA: The current price is above EMA7, EMA30, and EMA120, and the moving averages are in a bullish arrangement, providing strong support. Pay attention to the support levels of 2720 (EMA7) and 2620 (EMA30).

Trading volume:

The daily trading volume has significantly increased since May 27, indicating active market sentiment and intensified long-short battles. In the four-hour cycle, the surge at 08:00 on May 29 was accompanied by huge volume (229259), but subsequent volume has shrunk, requiring caution against short-term pullback risks.

Evening Ethereum steady strategy sharing on 5/30:

It is recommended to enter short positions near 2740-2760 for Ethereum, with target points: 2720-2700-2660-2640.

On May 28, Bitcoin and Ethereum gradually rose and fluctuated throughout the afternoon. The plan was to initiate long positions around 108500 and near 2620. The market fluctuated and rose, but the upward space for Bitcoin and Ethereum was limited, so it was timely to exit. The long position strategy captured some profit, and the oil investment was also considered successful. At the same time, one can continue to hold and wait for a little more upward space to enter a short position. Recently, the market has been fluctuating around 108823.9 (describing recent price movements). In the short term, the market remains in a consolidation pattern, with the current situation in a standoff between bulls and bears. The MA7 crossing above the MA30 and stabilizing indicates a certain rebound momentum in the short term, but it lacks volume support, making it difficult to form a strong trend in the near future. There is significant resistance at 109252.6 above, while 108178.1 is an important support level, and it may fluctuate within this range. In the evening, Bitcoin can short between 109000-109500, targeting around 107500; Ethereum can short between 2660-2680, targeting around 2580.

Bitcoin/Ethereum afternoon trend rises again, especially Ethereum which peaked around 2649, showing a noticeable increase. However, without Bitcoin's support, it is difficult for the trend to sustain. There is resistance between 2650 and 2680 for Ethereum, and without significant volume, it is hard to break through. Our shorts that we set up during the day can continue to be held with patience, and if the position allows, we can also add to it, keeping the average price around 2630. The hourly chart has already started to decline, and we can pay attention to the support around 2500.

For evening operations, enter a short position on Bitcoin at the current price of around 109600, targeting around 107500; enter a short position on Ethereum at the current price of around 2640, targeting around 2550.
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The precise realization of the above strategy for Bitcoin at 107000 has created a space of over 2000 dollars. Short at 2730, long at 2480, both long and short positions have again yielded over 300 dollars in space.

Technical Analysis of Bitcoin and Ethereum ————

Looking at the daily chart of Bitcoin, after Friday's decline, there was a small rebound over the weekend. Currently, it is testing the 110000 level. The Bollinger Bands are narrowing, and the short-term moving averages are trending upward. The MACD fast and slow lines are flattening at a high level, showing signs of potential downward movement, with the volume bars slightly shrinking. The KDJ has turned and we should be cautious of further declines. The VR indicator is consolidating around the value of 150. On the 4-hour chart, the market has seen consecutive bullish rebounds testing the upper band. The Bollinger Bands are also in a narrowing state, and short-term moving averages are running around the middle band. The MACD fast and slow lines have turned and formed a crossover, with volume bars slightly increasing. The KDJ is extending upward, and we should pay attention to the resistance around the value of 100. The VR indicator is consolidating around the value of 60. Overall, the market is in a large range of fluctuations. The resistance at the upper band on the 4-hour chart is what we need to focus on in the short term. Initially, we should reference the resistance for entry, while the support below is at around 107000.

Short-term recommendation for Bitcoin: Current price 110000 short (110800 short), long at 107000 (activate strategy and manage profits independently).

Ethereum's technical performance is linked to Bitcoin's. Currently, it is testing the short-term resistance area, and in the short term, it can mirror Bitcoin. We should continue to pay attention to support above 2450. Looking at short-term recommendations.

Short-term recommendation for Ethereum: Current price 2580 short (2620 short), long at 2480.
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Recent shipping trends have been fluctuating near the MA(7) and MA(30) moving averages, indicating a state of oscillation and adjustment. The shipping trend reached a high of 111959.5 and has since shown a downward trend, fluctuating around 107007.5. If this level is broken, it may further decline. The current market trend tends to be downward, accompanied by an increase in trading volume, indicating increased selling pressure and strong selling forces.
From a four-hour perspective, if the shipping trend continues to operate below the moving averages and breaks the key support level of 107007.5, it may further decline to around 93327.0 to seek support. Conversely, if the shipping trend can break through the recent moving average resistance and rebound, it may indicate the end of the short-term adjustment. Bitcoin can be bought in the range of 106800-106500, targeting around 108500; Ethereum can be bought in the range of 2480-2460, targeting around 2580.
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Last night's layout retreated, the pullback was relatively small, no opportunity was found to enter the market. The current price of Bitcoin is fluctuating at a high level, forming multiple long upper and lower shadows, indicating significant uncertainty in the market. The daily chart shows alternating K-lines with large fluctuations, indicating fierce competition between buyers and sellers. The 4-hour MACD is in the negative zone, and the fast and slow lines are gradually approaching the zero axis, suggesting a potential rebound demand in the short term, but overall still leaning towards weakness. Ethereum's 4-hour MACD has a death cross, and the histogram's negative value is expanding, indicating increased bearish momentum. The RSI has fallen to 45 (neutral to weak), with significant downward pressure in the short term. The Bollinger Bands are severely constricted, and the price is operating below the middle track, indicating a bearish trend. Pay attention to support at 106000 and 2450 levels, and it is recommended to enter on the pullback.

Operation suggestion: Enter Bitcoin around 106800 to 107300, target near 109000; enter Ethereum around 2460 to 2490, target near 2550. The market conditions are constantly changing.
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The market performance is beyond expectations. In the afternoon, we adjust the strategy for Dodo, entering Bitcoin and Ethereum around 107600 and 2530 respectively. The market has been fluctuating and rising, reaching a high of 109500 and around 2570. Bitcoin has perfectly reached the target level. Currently, Bitcoin and Ethereum have once again surged and then retreated, paying attention to the support levels around 106500 and 2480. For the evening, it is suggested to continue to buy on the dip.

Trading advice: Buy Bitcoin near 107500 to 108000, with a target around 110000. Buy Ethereum near 2500 to 2530, with a target around 2580. The market is constantly changing.
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Bitcoin/Ethereum entered a narrow range of fluctuations after a decline last night, but during the downward process, it did not break below the recent daily low line. Focus on support levels around 106000 and 2480.

Trading suggestions: Buy Bitcoin around 107300-107800, target near 110000; Buy Ethereum around 2520-2540, target near 2600.
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