#BTC📈多 Entry: 97800-96800 Take Profit: 98500-99500-101200-102100 Stop Loss: 95444 Using 50x leverage, position size 5% BTC Strategy After the decline of BTC, there was no obvious bottoming signal. After a rapid liquidation at the 102000 level in the evening, a long lower shadow was formed, and it is likely to still break below the 100000 integer level. The liquidation force around 102966 needs further verification. Last night, the price rebounded after falling to the 12-hour EMA200-98, which can be viewed as a short-term support to attempt light positions for long.
ETH outlook update: The weekly chart shows a high push followed by a significant drop, breaking below the recent low of 2480, with a potential touch near the 2100 mark. The daily chart has seen three consecutive days of increased volume and sharp declines, and currently, there are no signals indicating a stop to the decline or a bottom formation. The opportunity for bottom fishing is unclear, and the market needs to recover the technical deficiencies through sideways fluctuations. On the 4-hour chart, we are currently in a rebound phase after a sharp decline with increased volume, while the upper level of resistance (2300, 2400, 2500) is quite evident. For intraday operations, the strategy focuses on short positions, with key attention on the upper resistance levels and waiting for confirmation of support on the lower side through sideways recovery.
June 23 Market Analysis Bitcoin initially moved lower, strongly dipping to a low of 98115 before stabilizing. It then began to experience a fluctuating rebound, currently reaching a high of 101600. Ethereum is following Bitcoin's trend. From the current market perspective, the price at the four-hour level has undergone a dip, with bulls pushing the rebound. It has now risen above the lower band of the Bollinger Bands, but the overall structure still operates within a clear downward channel, and the rebound momentum has depleted. The MACD indicator's dual lines continue to operate below the 0 axis, and no clear trend reversal signal has been issued yet.
Bitcoin initially fell, strongly dipping to a low of 98115 before stabilizing, and then began to rebound with fluctuations, currently reaching a high of 101600. Ethereum has followed Bitcoin's trend; from the current market situation, the four-hour price level experienced a downward movement, after which the bulls pushed for a rebound, and it has now risen above the lower band of the Bollinger Bands. However, the overall structure is still operating within a clear downward channel, and the rebound momentum has been exhausted. The MACD indicator's dual lines continue to operate below the 0 axis, and no clear trend reversal signal has been issued yet. Trading Plan
The trading strategy is to go short; if the rebound is successful and stabilizes, then reconsider the strategy. It is better to miss the rebound than to go against the trend!