Bitcoin (BTC) market analysis and operation suggestions on June 19, 2024
Daily Line Analysis
The bearish force of Bitcoin on the daily chart continues to increase, and the overall price still has room to fall further. The current high pressure focuses on the $66,100 line, and the $64,100 bottom is not necessarily a signal to stop falling. The MACD indicator shows that the fast and slow lines cross the zero axis and continue to fall. Overall, shorting on the daily rebound is still the main strategy.
Four-hour level analysis
On the four-hour chart, the price of Bitcoin once again entered the downward channel of the Bollinger band, and the market was seriously washed out. In the short term, we need to pay attention to the suppression strength of the $65,800 level.
One-hour level analysis
The one-hour chart shows that the bitcoin price has some signs of short-term breakthrough. It is recommended to pay attention to the upward resistance of $66,300 in the future. The MACD indicator shows that the short position is running with large volume, and the fast and slow lines are golden cross at the bottom.
Comprehensive Recommendations
Based on the above analysis, the main strategy for the subsequent rebound of Bitcoin is to sell short. The operation suggestions are as follows:
Pre-buried empty order:Open a short position in the $66,300-66,100 range, set a defensive stop loss of 500 points, and target profit of more than 600 points.
Ethereum (ETH) market analysis and operation suggestions on June 19, 2024
Daily Line Analysis
Although the two cakes have formed a bottoming pattern on the daily chart, the overall bearish trend has not stopped. $3520 is still a high pressure level.
Four-hour level analysis
The four-hour chart shows that the price of Bitcoin continues to run in the bearish channel of the Bollinger band. The upward resistance is around $3,530, and the downward support needs to focus on the $3,300 integer mark, rather than the previous $3,350 level.
One-hour level analysis
The one-hour chart shows that the Bollinger band is open and the short-term support is at $3,433. The MACD indicator shows that the bulls continue to run with large volume, but the fast and slow lines begin to show signs of weakness after the bottom golden cross. Therefore, aggressive traders can short at the current price of $3,485, while conservative traders can wait for a rebound to $3,500 before taking short orders.
Comprehensive Recommendations
Based on the above analysis, the second cake will still be mainly shorted on rebound. The operation suggestions are as follows:
Pre-buried short order: Open a short order in the range of 3520-3550 US dollars, and set a defensive stop loss of 30 points.