[Market Research Report on June 17th - Weekly closing, still bearish before trend line is broken, no emotional side before kinetic K-line, position trading is enough, Ethereum continues to test supply zone pressure, order consumption can form support and resistance exchange]
--------------------------
1. $BTC
BTC weekly closing, 6.5-week line lower edge, 7-week line upper edge. When there is no narrative, the closer the range is to the upper and lower edges, the more it can be done.
Yesterday, the closer it was to 6.58, the more we expected to rebound upwards. The idea of the lowest retracement to 6.59 was valid.
The copycats are all nonsense. I said it many times when it fell. Those who don’t have a position can make a layout, and those who are in position can do it. I said it again yesterday. Don’t be late every time.
Cyclic view: Weekly level oscillation, wide range of 5.6--7.2
Daily line:
Draw a trend line with 7.22--7
Trend line pressure: Currently, there are two trend turning points of 6.83-6.85 7W. Trading should be kept at this position
Intraday: 7.22---6.5 [support of daily MA120] Draw a Fibonacci
The position is divided into three positions: high, medium and low
Just like the rebound expectation of 6.69-6.72 given in the early trading yesterday, since there is a target, no narrative and no FOMO, why can’t the target position be done?
Do a rebound or the position mentioned yesterday remains unchanged
2. $ETH
Ether comes with a "hindsight", if you have watched the video on the 2nd
then you will know that Ethereum is doing a platform-type consolidation, and the callback expectation has been around 3350 [ma120 combined with the turning point of the left daily wedge structure] So after reaching the position, Ethereum has been mainly based on layout and Ethereum system layout
Currently rebounded to the order area pressure of 3666--3700
1. Here is the second touch to make a callback on the right side [Freshness gameplay]
2. Do the next rebound market, just after the high point above 3725 appears, step back to the range support of 3625--3666 and intervene, and fall below the stop loss
3. Copycat
During this period, I will still focus on the layout of the Ethereum system, whether it is derivatives, second layer or various Ethereum
If you can't choose well, just follow the hot coins, the coins you often hear, and do it at the position
Don't buy A when Zhang San says A is awesome today
A has not risen, and you heard Li say B is going up, so sell A and buy B.
This way, you get nothing.
