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In the trading process, gaining insight into the operation trajectory of major funds and deeply analyzing the six core technical patterns can provide us with highly valuable decision-making references:
1. Divergence at the Top: When market prices continue to rise, repeatedly hitting new highs, but trading volume fails to respond accordingly, showing a shrinking trend. This phenomenon of volume-price divergence is often a dangerous signal of insufficient upward momentum and an impending trend reversal. 2. Divergence at the Bottom: Prices continue to fall, hitting new lows, yet trading volume expands against the trend. This unusual behavior often indicates that funds are quietly accumulating shares in the bottom area, signaling a potential trend reversal. 3. Breakthrough of Trend Line: Key trend lines serve as the 'lifeline' of market operation; effective breakthroughs are often crucial turning points for market direction selection, marking the potential end of the original trend and the beginning of a new one. 4. Breakthrough in Consolidation: After a prolonged period of horizontal consolidation, any signs of a breakthrough, whether upward or downward, indicate that the market is about to break the current balance, signifying an important precursor to the initiation of a trend. 5. Support and Resistance: Support and resistance levels can be seen as the 'watershed' in the tug-of-war between bulls and bears. Support levels can withstand bearish pressure and prevent further price declines; resistance levels, on the other hand, can suppress bullish movements and hinder price increases. Both are important reference points for judging price trends. 6. Accelerated Trend: When prices accelerate in the direction of the trend, it often reflects a high degree of market sentiment alignment and serves as a strong signal for short-term bursts, indicating that the trend may be reinforced in the near term.
Although these classic technical patterns can help us accurately capture the turning points of bullish and bearish forces and effectively grasp trend inflection points or continuation trading opportunities, it must be made clear that technical analysis is not a 'universal key' that works all the time. In actual trading, we must closely combine macroeconomic conditions, industry development dynamics, and fundamental information, among other multidimensional factors, to conduct comprehensive and integrated analysis and judgment, thereby developing more scientific and reasonable trading strategies.
From today's market conditions, the key focus for SOL is on the price level of 145.4. If the price successfully stabilizes above this level, a rebound trend on the 4-hour timeframe may initiate, with resistance levels above at 149, 152.4, and 155.7. However, if the rebound fails to reach 145.3, it indicates a weak rebound strength at the short-term 1-2 hour level, and the price will continue to test downwards. The lower levels of 143, 141, and 138 will become key support.
Currently, the short liquidity at the price level of 107,000 continues to rise, while the liquidation area at the price level of 102,000 is in a saturated state. Based on recent market trends, it is highly likely that this Friday's market will move towards triggering a liquidation at one of these price levels. Ultimately, who will prevail depends on which of these two key price levels can gain the upper hand in the battle between bulls and bears.
Yesterday's Summary: The US stock market was closed yesterday, and throughout the day, it was a volatile market. We successfully executed a high sell and low buy strategy, securing two trades! Today, during the day, the market is still leaning towards volatility. Pay attention to breaking key levels.
6.20 Morning Analysis The four-hour candlestick chart shows an intermingling of bullish and bearish movements, with intense competition between buyers and sellers. Key levels above and below have not been effectively broken, and a one-sided trend has yet to form. Although the rebound is slow, bullish trend signals are beginning to emerge. On the 15-minute level, the price has broken through the middle Bollinger Band twice, oscillating near the upper band. The Bollinger Bands are opening upwards, indicating that bulls are gaining momentum, potentially leading to an upward attack, but the market is volatile, so attention must still be paid to changes in volume and key levels. Bitcoin trading strategy: Buy on a pullback near 103850-104350, target 105550, if broken, target 106550. Ethereum trading strategy: Buy on a pullback near 2515-2490, target 2565.
Today the US stock market is closed, currently the market is in a volatile situation. For Bitcoin trading strategy, it is recommended to adopt a high short and low long strategy. Bitcoin around 105550 is empty, around 103550 is long.
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Today's market focuses on the key point of 147. If the price stabilizes above this level on the 4-hour timeframe, a rebound is expected to start, and we need to pay attention to resistance levels such as 149, 152.4, and 155.7. If the rebound cannot break through 147, it indicates that the rebound is weak at the 1-2 hour level, and the price will fall back, with important support levels at 144, 141, and 138.
Today's BNB trend key looks at the 646 level. If it stabilizes at this position on the 4-hour timeframe, a rebound may begin. Pay attention to resistance levels at 650.9, 655.3, and 659.3 above; if the rebound cannot hold above 646, then the 1-2 hour level rebound will be weak and will continue to retrace. Support levels to note below are 642, 637, and 633.
6.19 Morning Thoughts Currently, the Bitcoin market is being pressed by the middle band of the Bollinger Bands on the daily chart, with a doji indicating intense bullish and bearish contention, showing no clear trend. On the four-hour level, resistance is encountered at 105500, forming a short-term strong resistance, with bulls and bears locked in a stalemate, and the Bollinger Bands flattening. The operating suggestion is to primarily short on rebounds, flexibly trading in conjunction with smaller time frame patterns while maintaining good risk control. Bitcoin trading approach: Rebound around 105000-105550 🈳, looking down to around 103500 Ether trading approach: Rebound around 2535-2565 🈳, looking down to around 2485