The Ether market is currently experiencing a "smoke bomb" style rally, where the main players use the rise to attract buyers while secretly hiding their intention to sell. Pursuing high prices can easily lead to becoming a "bag holder".
In a one-sided weekly market, the risk of chasing highs is significant. Based on technical indicators and capital flows, it is recommended to take a light short position.
You can set up short positions around 2670 - 2700, with a target of 2500, and a long-term view towards 2200. Be sure to set a stop-loss.
6.14 Saturday Bitcoin Morning Strategy Analysis From the market perspective, Bitcoin's four-hour chart shows a low-level sideways consolidation trend. As the price fluctuates upwards, it gradually stabilizes around 105500 points, creating opportunities for market repair. Overall, the asset price exhibits a step-like upward pattern, but technical indicators show divergence signals, with the MACD fast and slow lines gradually approaching the 0 axis.
On the weekend, market fluctuations may tend to ease. Saturday's trading day is expected to be dominated by fluctuations, and a buy-on-dips strategy can be adopted in the short term, with the upper resistance level focusing on 106300 points.
The recent sharp decline in ETH was driven by news, and the 4-hour chart shows a false breakout pattern. If planning to establish long positions for the long term, focus on the lower boundary of the 2380 - 2300 range, and gradually build positions when the price reaches this area.
In the long run, the target price above can look towards 3000. It is important to manage positions appropriately and plan for risks during operations.
Currently, BTC is in a stage of hourly rebound after a sharp decline. Although there is a short-term halt in the downward trend, the overall trend remains bearish. If it cannot rebound and stabilize above 105600 today, due to reduced market liquidity over the weekend, there is a high probability of a downward fluctuation towards the target of 102800. The 4-hour level needs to break through 107600 to reverse the downtrend. Currently, there is no significant divergence between the 1-hour and 4-hour levels, and the rebound faces considerable resistance.
Trading Suggestions: A light long position can be taken near 104200, targeting 105600; if it effectively breaks through and stabilizes at that level, further upside can be looked at towards the 4-hour resistance level of 107600. If the resistance at 105600 proves difficult to break, then consider a short position around 105500, looking down towards the support level of 102800.
Today's market first faced downward pressure, then fell into a contraction and fluctuation. After breaking through the bottom support and dipping, there was a slight rebound, showing an arched correction, overall still maintaining a momentum for a rebound. The bullish outlook remains.
From a technical perspective, the daily chart shows sufficient downward momentum, the four-hour chart broke the lower boundary, and the one-hour chart is fluctuating at a low level, focusing on the key position of 103500.
Bitcoin in the 104000-104500 range, target 106000.
From the current market perspective, the CPI data released yesterday brought positive news, and the US stock market successfully rose in after-hours trading. Ethereum reached a new high again, and Bitcoin also touched the 110,000 mark. However, the evening market is under pressure at high levels, and the current trend is in a recovery state. Nevertheless, the support level at 107,500 has not been effectively broken, so there is still a chance for recovery.
On the four-hour level, the resistance point above is under significant pressure, and the recovery has reached the bottom support. As long as 107,500 is not broken, there is a high probability that the trend will continue and keep testing the strength of the resistance above; once the support level is broken, a reverse trade can be made. The subsequent operation suggestion is to focus on low long positions.
Bitcoin at the 107,500 level aims for targets of 109,000-110,000.
Ethereum at the 2,740 level aims for targets of 2,800-2,870.