20240619 Market Analysis:
1. Important support level:
- Around $64,000, the previous monthly volume-weighted average price (VWAP)
- Around $63,500, the daily implied volatility point (POC)
2. Important resistance level:
- $67,200 area, the previous range point control (POC) resistance
- $67,700, needs to break through and stabilize above this position to see a bigger rebound
3. Trading strategy:
- It is not recommended to go long near the current $64,400, the risk-return ratio is not good
- It is also not recommended to go short at this position, because it is close to the support area
- You can wait for Bitcoin to fall to $63,500 or rise to $67,500 before entering the market
- If Bitcoin continues to fall and loses support, it may further suppress altcoins!
In general, everyone must pay attention to risks at this time, mainly spot! Do not overweight high multiples.
