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There is no reason not to have a big pullback at such a key position like 107000 for the first time. It would be reasonable to start a big bull market in conjunction with interest rate cuts.
The 4-hour MACD of Bitcoin rebounded from the zero axis, the daily high dead cross rose instead, the weekly golden cross, the 4-hour K small bottom was raised, the bulls strengthened, and it was about to break through. $BTC
The 4-hour double cross star pattern of the pancake is in formation. Watch the next candle for direction as we wait for the market to break out. Weekend market, this 4-hour range is still lingering. $BTC
ETH is expected to approach around 2450. As mentioned yesterday, a long position could have been taken around 2525, but the lowest spike was at 2545, missing it by 20 dollars. This position is a safe spot. Firstly, ETH has repeatedly tested the support and resistance level around 2633 on the 30-minute chart; each rebound ends with a long upper shadow, indicating selling pressure above. Below is the 30-minute channel, but this time the RSI did not show overbought conditions, and there are two downward break patterns on the 30-minute chart. The MACD showed signs of a rebound from the zero line at 8 AM for a long position, but this was rejected by the market, continuing to open downward towards lower levels. A position can be taken at the support level on the hourly chart. Both indicators and structure are bearish. Currently, we are below the previous low support, waiting for a small rebound before moving downward. #ETH走势分析 $ETH
ETH is expected to approach around 2450. As mentioned yesterday, a long position could have been taken around 2525, but the lowest spike was at 2545, missing it by 20 dollars. This position is a safe spot. Firstly, ETH has repeatedly tested the support and resistance level around 2633 on the 30-minute chart; each rebound ends with a long upper shadow, indicating selling pressure above. Below is the 30-minute channel, but this time the RSI did not show overbought conditions, and there are two downward break patterns on the 30-minute chart. The MACD showed signs of a rebound from the zero line at 8 AM for a long position, but this was rejected by the market, continuing to open downward towards lower levels. A position can be taken at the support level on the hourly chart. Both indicators and structure are bearish. Currently, we are below the previous low support, waiting for a small rebound before moving downward. #ETH走势分析 $ETH
It is now a 15-minute rebound, continue to look bearish after the rebound.
六月天
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The concubine can go long near 2525 in the short term, as the current bearish pattern is too obvious. After a decline to the Vegas channel and rebound in 15 minutes, it did not effectively break through the previous EMA20 bullish and bearish boundary, but instead, two long upper shadow lines met the bearish entity candlestick with MACD underwater and gradually opening downwards. $ETH
The concubine can go long near 2525 in the short term, as the current bearish pattern is too obvious. After a decline to the Vegas channel and rebound in 15 minutes, it did not effectively break through the previous EMA20 bullish and bearish boundary, but instead, two long upper shadow lines met the bearish entity candlestick with MACD underwater and gradually opening downwards. $ETH
The horse before the cannon comes with a mouth $ETHFI
六月天
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$ETHFI trend, a simple pullback formed after a rapid rise, showing a secondary breakout pattern on the 4-hour chart, which can also be seen as a double top and bottom on the smaller time frames. A double bottom formed at the integer level of 1 on the hourly chart, with the right side being higher than the left bottom, indicating a strengthening bullish signal. The previous two days were in the daily Vegas channel, so the price has retraced. Now it faces a third attempt to push toward the previous high, with the potential to break through to 1.4.
$ETHFI trend, a simple pullback formed after a rapid rise, showing a secondary breakout pattern on the 4-hour chart, which can also be seen as a double top and bottom on the smaller time frames. A double bottom formed at the integer level of 1 on the hourly chart, with the right side being higher than the left bottom, indicating a strengthening bullish signal. The previous two days were in the daily Vegas channel, so the price has retraced. Now it faces a third attempt to push toward the previous high, with the potential to break through to 1.4.
Talk about why I believe it is at least around 99000. First, the long upper shadow on the hourly chart represents an understanding of short-term profits and the entry of short sellers into the market. With such a large volume, how many people are getting trapped here chasing the rise? If I were the market maker, I wouldn't let those chasing high prices break even. Moreover, this is close to the previous high's real position. If it forms a triple top here, it must at least test the next support level, which is the integer level of 100000, and the position of the hourly Vegas channel at 99000. We are still within the range, but the rebound is definitely the right rhythm for a downward trend.
$VIRTUAL experienced a pullback in a slanted channel after a strong trend movement. This classic bull flag continues to look for a breakout upwards and is still gathering strength. If it can pull back to around 1.8, that would be a very reasonable entry point. The risk-reward ratio can be quite favorable, and 1.8 is the Vegas support on the hourly chart. The structure and indicators point to the same position. Moving forward, we will continue to watch the 2.2 support and resistance level on the daily chart. A breakout of the channel, followed by a breakout of the previous high, will likely lead to an equal-distance rise, and breaking through 2.2 to see 2.5 should not be a big problem.
$aiot logically suggests that the bearish strength should gradually increase over the 4-hour timeframe, pulling back to around 38 or 37 to form a head and shoulders pattern before choosing a direction. However, the two long upper shadows that formed in the rectangular zone, followed by another solid candlestick moving up, indicate that the bullish strength below is gradually increasing, which may negate this head and shoulders pattern. The basic stop-loss should be set at the previous low, and the take-profit at the previous high, with a 1:2 risk-reward ratio, taking half off at the previous high and leaving the rest for the pattern.
$BTC is just giving time for the counterfeit watches to perform, meme, and the Auntie series have waited for the wind. We will look at those that have not moved, defi rwa refining oracle, to seize this small bull opportunity.