Yesterday, the market finally showed some fluctuations. Although the 2-day line did not show enough strength, it is better than staying the same. Today and tomorrow will be the key nodes for the resonance of the three cycles. We hope that the market, especially Bitcoin, can exert its strength and at least reach the 27,700 level, so that the rest of June will be more worth looking forward to.
We have introduced the situation of each cycle in detail before. Today we focus on the daily trend, and tomorrow is the most critical day for the resonance closing of the three cycles. Therefore, there are two possibilities for today's trend. One is to maintain the current form, without a sharp rise or fall; the other is to step back to the black 28 line at the daily level, about $26,600, and form a positive line entity similar to the previous yellow circle, and then continue the trend of the positive line entity tomorrow. Even if the market sentiment is stronger, it is possible to directly pull up, which depends on the mood of the main force.
This trend requires the cooperation of Ethereum. In recent months, Ethereum has been weaker than Bitcoin, which is very strange. As a weather vane, Ethereum's trend is not satisfactory, and its pattern is more complicated than Bitcoin. For example, Ethereum's 2-day, 3-day and 5-day resonances may maintain their current posture and gradually end, but if Bitcoin wants to rise, Ethereum cannot stand still. Therefore, it needs to reach at least between $1,800 and $1,840 to meet the trend.
Therefore, the next trend of Ethereum is still very important for the resonance of Bitcoin and the overall market in June. If Ethereum can cooperate with the upward trend, there is hope, otherwise the situation is still uncertain and needs to be further analyzed in combination with the subsequent trend. In addition, don’t think that it is difficult for Ethereum to meet this minimum requirement. In fact, it is not difficult, because Ethereum, as the mother of altcoins, has relatively small fluctuations in recent months despite its high price and large market value. Fluctuations of around $100 are almost commonplace. Therefore, we can look forward to it while remaining vigilant.
To sum up, although the market fluctuated yesterday, the movement was still not significant enough, causing the trend today and tomorrow to remain unclear. We need to pay special attention to the degree of coordination between Ethereum and Bitcoin. If they can cooperate tacitly and show signs of rebound, then June still has a high chance of forming a positive entity; but if they cannot cooperate, then June may really just be an ordinary month.
In terms of operation, the long orders currently held are distributed in the range of $24,300-24,900 and $1,620-1,670, and the stop loss is set at $23,600 and $1,610. If you are willing to operate long orders, it is best to choose a reasonable area between $26,600-26,700, and the stop loss can be set in the case of a drop below $26,170. As for Ethereum, an operation opportunity was given last night, and if you hold it, you can continue to hold it. For spot investors, you need to be patient.
In summary, although the market was turbulent yesterday, the fluctuations were not obvious enough, making the trend in the next two days still uncertain. We need to pay special attention to the degree of coordination between Ethereum and Bitcoin. If they can cooperate tacitly and show signs of rebound, then June still has a chance to form a positive real body; if they cannot cooperate, then June may really be just a dull month. In terms of operation, it is necessary to set up reasonable long orders according to personal circumstances and risk tolerance, and remain patient and vigilant. #小韭社区 #BinanceTournament #合约锦标赛 #feedfeverchallenge #BRC20
