6.15 Bitcoin and Ethereum market trend analysis

Crypto 阿东 · 2023-06-15T12:21:28.000Z

Bitcoin: Bitcoin's large-cycle daily level closed on the Yin line yesterday, with the price running below the moving average. The K-line pattern has a Yin and a Single Yang pattern, and the price dropped explosively this morning, breaking the previous low support position, and is currently at a low level. There is neither a correction of the rebound nor a continuation of the decline in the sideways trading, but the large-cycle decline is still obvious. Therefore, today’s BTC short-term contract trading strategy: short orders in the pressure range of 25,300 above the day, stop loss at 25,700, and focus on the 24,500-24,300 range; consider long orders in the support range of 24,300 below the day, stop loss at 24,000, and target 24,800-25,000;

Bitcoin: As for Bitcoin, the large-cycle daily level closed with a medium-sized negative line yesterday, and the price was running below the moving average. The K-line pattern was a single-yin pattern and the price fell explosively this morning, breaking through the previous low support level. It is currently in a low-level sideways consolidation with neither a rebound correction nor a continuation of the decline, but the large-cycle decline is still obvious.
Therefore, today's BTC short-term contract trading strategy: short orders in the upper 25300 pressure range during the day, stop loss at 25700, and focus on the 24500-24300 range; consider long orders in the lower support range of 24300, stop loss at 24000, and target 24800-25000;
Ethereum: Ethereum closed with a medium-sized negative line at the large-cycle daily level yesterday, and the price was running below the moving average. In terms of the K-line pattern, consecutive negative and single positive rebounds and positive closings were all correction performances. In the early hours of yesterday morning and this morning, the price came under pressure and fell below the low, so the trend is even more obvious.
Today's ETH short-term contract trading strategy: enter the market with short orders at the upper pressure level of 1650, stop loss at 1682, target 1600-1580; enter the market with long orders at the lower support level of 1580, stop loss at 1550, target 1600-1630; Where the trend goes, there is profit! I will continue to share the latest cryptocurrency investment opportunities and strategies. Open the door to wealth for you and win in the cryptocurrency circle together!