Post
--Bearish
Crypto钟良
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BearishBTC/ETH Market Insights:
The first two days of June have turned into a nightmare for the bulls. The devastation they faced is something I won't dwell on here; everyone knows how it went down! Just to be clear, I never suggested a long position, continuously stressing that any bounce is just a shorting opportunity. Trying to catch a falling knife with long positions can lead to serious losses. Better to miss out than to get burned, but how many actually listened? We can only do our best and leave the rest to fate...
Bitcoin's daily chart shows three consecutive bearish candles, with yesterday's massive red candle smashing the price down, pushing the Bollinger Bands' lower band to widen further down. The MACD bearish volume continues to increase, and currently, both the KDJ and RSI indicators are showing signs of a potential upward reversal after being oversold. So, we need to be cautious of a sneaky bull move after the bloodbath; the market never just goes down without a bounce. After such a significant drop, indicators need to recover, so shorting isn't just about blindly entering; we must wait for the right bounce.
On the 4-hour chart, prices have climbed back above the lower band, with both KDJ and RSI turning upwards. The MACD's bearish volume is decreasing, indicating a potential for recovery that we need to watch closely. On the hourly chart, we see a bounce reaching the middle band of the Bollinger Bands, with KDJ's three lines converging in a golden cross. However, the RSI shows signs of turning down, while the MACD bullish volume is increasing, suggesting a demand for a bounce. Still, there's resistance overhead, so for those playing it safe, taking profits from some of the rebounds may not be necessary. It might be better to hold off and observe, looking for opportunities to short at higher levels; I think that approach isn't unreasonable!
Keep an eye on the resistance levels at 67500 and 69000 for shorting opportunities. For support, watch the levels around 66500, 65500, and 64500.
Ethereum is currently priced around 1875, and the focus should be on shorting. Key resistance levels are at 1900 and 1970; look to enter short positions around these levels. For support, keep an eye on 1850, 1800, and 1750. #黄仁勋加持！Marvell股价飙升 $BTC
{future}(BTCUSDT)
The first two days of June have turned into a nightmare for the bulls. The devastation they faced is something I won't dwell on here; everyone knows how it went down! Just to be clear, I never suggested a long position, continuously stressing that any bounce is just a shorting opportunity. Trying to catch a falling knife with long positions can lead to serious losses. Better to miss out than to get burned, but how many actually listened? We can only do our best and leave the rest to fate...
Bitcoin's daily chart shows three consecutive bearish candles, with yesterday's massive red candle smashing the price down, pushing the Bollinger Bands' lower band to widen further down. The MACD bearish volume continues to increase, and currently, both the KDJ and RSI indicators are showing signs of a potential upward reversal after being oversold. So, we need to be cautious of a sneaky bull move after the bloodbath; the market never just goes down without a bounce. After such a significant drop, indicators need to recover, so shorting isn't just about blindly entering; we must wait for the right bounce.
On the 4-hour chart, prices have climbed back above the lower band, with both KDJ and RSI turning upwards. The MACD's bearish volume is decreasing, indicating a potential for recovery that we need to watch closely. On the hourly chart, we see a bounce reaching the middle band of the Bollinger Bands, with KDJ's three lines converging in a golden cross. However, the RSI shows signs of turning down, while the MACD bullish volume is increasing, suggesting a demand for a bounce. Still, there's resistance overhead, so for those playing it safe, taking profits from some of the rebounds may not be necessary. It might be better to hold off and observe, looking for opportunities to short at higher levels; I think that approach isn't unreasonable!
Keep an eye on the resistance levels at 67500 and 69000 for shorting opportunities. For support, watch the levels around 66500, 65500, and 64500.
Ethereum is currently priced around 1875, and the focus should be on shorting. Key resistance levels are at 1900 and 1970; look to enter short positions around these levels. For support, keep an eye on 1850, 1800, and 1750. #黄仁勋加持！Marvell股价飙升 $BTC
{future}(BTCUSDT)
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.