mystery蛋先生

Some time ago, it was mentioned that the last few days of the month are likely to see a big drop, and this idea has now been confirmed.

Currently, Bitcoin is moving in a downward channel. Whether it can continue to rise can refer to the previous W-bottom breakout pattern, which is the right-side confirmation method.

However, if placing left-side orders, I would prefer to place orders in the range of 112-110 as shown in the second picture. If it breaks below, I will incur a loss of #BTC .

In the past few days, I've been discussing with friends in the group about Ethereum reaching new highs and then plummeting. In fact, today I've been hesitating whether to short it.

But it really feels dangerous to me, and I don't dare to try because sometimes I also hold positions like my brothers.

However, even though it has dropped, it's still okay for now. As long as it doesn't break through the key level, I will continue to look for opportunities to buy on the dip.

Currently, the first position I'm optimistic about is 3750, but I won't set a limit order like before; I'll just enter on the right side: #ETH .

It's been a while since the last update, let's talk about Ethereum's outlook. Currently, it has surged and then retraced, but that doesn't mean a significant drop is imminent; it's just a pullback. Right now is the time to buy on dips!

You can pay attention to around 3550; if it holds, you can go long with a stop loss at 3500. You might catch a chance for a second peak or a new high. The double top will be a good position to go short #ETH .

It's been a while since the last update, let's talk about Ethereum's outlook. Currently, it has surged and then retraced, but that doesn't mean a significant drop is imminent; it's just a pullback. Right now is the time to buy on dips!

You can pay attention to around 3550; if it holds, you can go long with a stop loss at 3500. You might catch a chance for a second peak or a new high. The double top will be a good position to go short #ETH .

Just to correct, if you have a left-side order, you can open a position at 3550 and add to your position at 3500, you don't need to worry about the right side, just get in once it stabilizes at #eth .

Forget it, Ethereum was protected last night, currently it has been suppressed, I'll continue to short and test the waters, at 2485 I'll lose #ETH

6-24 Ethereum Perspective: Reference 4H
Yesterday, two points regarding Ethereum were mentioned: Ethereum only broke through and retested the position of the weekly support and resistance swap; there’s no need to panic since it hasn’t broken down. Friends wanting to go long can wait for a stable breakthrough above the 2325 level to enter on the right side; in that minute, you would have made a profit.

For those wanting to go short, it was also mentioned to pay attention to the two resistance levels of 2273 and 2325. Once they are blocked, you can short directly. So yesterday, after being blocked for the first time at 2315, it dropped to 2187, a decline of 5%. Even if you didn’t take profit in time, if you had a breakeven stop loss and reversed to go long after the loss, you wouldn’t have incurred any losses.

Returning to the candlestick: From the 4H level, Ethereum has been pulled back above the major consolidation area under the stimulus of two favorable news.

Therefore, if brothers still want to go long, they can consider waiting for a retest of the 2325 level below. This level has been broken but hasn’t undergone a retest action yet.

Currently, there’s another important resistance at 2450, which is also the position where we initiated the short. It’s not recommended to go long directly on Ethereum here.

However, if you want to short, observe whether there will be any resistance afterward. Once there’s a pin bar signal indicating resistance, you can short directly, with the stop loss point being slightly above the pin tip; you need to give it some room.

Ethereum outlook from 6-23, reference 4H
Ethereum is much weaker compared to Bitcoin. From the four-hour chart, it has already broken below a consolidation zone that lasted more than 40 days and is now testing the support of the weekly level.

If you want to go long on Ethereum, at the very least, you should see it make a consolidation action on the right side or form a W-bottom structure to pull back to the bottom position of the 2325 consolidation zone. Therefore, it is best to wait for a clear signal on the right side before going long on Ethereum; otherwise, it is easy to fall into a trap.

For those looking to short, you can pay attention to the two short-term pressure levels at 2273 and 2325. However, when shorting at these two levels, don't expect a continuous crash; instead, focus on trading within a range.

Ethereum outlook from 6-23, reference 4H
Ethereum is much weaker compared to Bitcoin. From the four-hour chart, it has already broken below a consolidation zone that lasted more than 40 days and is now testing the support of the weekly level.

If you want to go long on Ethereum, at the very least, you should see it make a consolidation action on the right side or form a W-bottom structure to pull back to the bottom position of the 2325 consolidation zone. Therefore, it is best to wait for a clear signal on the right side before going long on Ethereum; otherwise, it is easy to fall into a trap.

For those looking to short, you can pay attention to the two short-term pressure levels at 2273 and 2325. However, when shorting at these two levels, don't expect a continuous crash; instead, focus on trading within a range.