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6.24 Early Morning Market Analysis and Trading Suggestions
The current price trough may be the prelude to future peaks, and the current dormancy is for tomorrow's soaring market. It is free of charge, yet it nurtures infinite possibilities. Don't be swayed by momentary storms; that is the test of wealth. Do not retreat due to temporary fluctuations; only by holding firm to your original aspiration can you reach the shores of success. Our evening bearish outlook has also been confirmed, with the coin price dropping from a high of 102609 to 99620, encountering a strong support level, and then beginning to rebound to 101300. The current coin price is around 101000.
From a technical perspective, in the 1-hour timeframe for Bitcoin, the price surged to the upper Bollinger Band before retreating, with the KDJ indicator turning down from a high position, indicating short-term pullback pressure. Moreover, the previous rebound volume has not continued to expand, lacking breakthrough momentum. If it breaks the middle support of the Bollinger Band, it is highly likely to continue downward, with a bearish short-term trend.
Bitcoin Strategy: Short around 101600, target 102500
Ethereum Strategy: Short around 2220, target 2300
#比特币 #币圈 #以太 $BTC $ETH
The current price trough may be the prelude to future peaks, and the current dormancy is for tomorrow's soaring market. It is free of charge, yet it nurtures infinite possibilities. Don't be swayed by momentary storms; that is the test of wealth. Do not retreat due to temporary fluctuations; only by holding firm to your original aspiration can you reach the shores of success. Our evening bearish outlook has also been confirmed, with the coin price dropping from a high of 102609 to 99620, encountering a strong support level, and then beginning to rebound to 101300. The current coin price is around 101000.
From a technical perspective, in the 1-hour timeframe for Bitcoin, the price surged to the upper Bollinger Band before retreating, with the KDJ indicator turning down from a high position, indicating short-term pullback pressure. Moreover, the previous rebound volume has not continued to expand, lacking breakthrough momentum. If it breaks the middle support of the Bollinger Band, it is highly likely to continue downward, with a bearish short-term trend.
Bitcoin Strategy: Short around 101600, target 102500
Ethereum Strategy: Short around 2220, target 2300
#比特币 #币圈 #以太 $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.