Crypto market analysis 6.20 From the steam age to electronic information, from CPU to GPU, from gold to Bitcoin, the iteration officially begins
HODL15Capital statistics show that there are at least 40 billionaires in the world holding Bitcoin (BTC), and countries are slowly reserving Bitcoin assets for future trade. Bitcoin is worth looking forward to as digital gold.
In the short term, some whales are still betting on the liquidation price around 60,000. It is expected that the end of the month will be the real betting cycle. From a technical point of view, there is still a chance to go to the extreme betting bottom range around 58,000 this month or next month. The time is long enough to buy slowly. In the short term, the weekly bottom around 63,800 is the key support.
Daily level market
- Daily level short-term rebound, still in a downward trend, upper pressure around 66000, support around 64500, large-level bottom around 63800.
4-hour level market
4-hour level short-term rebound, temporarily still in a bearish trend, upper pressure around 66000, extreme focus around 66500, lower support around 64500, slowly raising the bottom.
Intraday level analysis
-----Intraday market has signs of rebound in the short term, slowly some tokens will begin to show some willingness to buy the bottom, but the large-level bottom has not ended, and a reversal can be gambled in the short term. The long-term trend cannot be avoided, and we can only wait for the bottom to be reached before making a decision again.
The bottom of the intraday market has temporarily appeared, and you can try to gamble on long orders in the short term. The upper 66500 and 66000 are considered as range fluctuations to the lower support around 64500.
----Ethereum is still in a large-scale downward trend, but the small-scale trend is strong, with a bottom near 3500 and an upper pressure near 3580. The breakthrough continues to look upward to repair the position around 3600. The rebound in the short term does not mean a reversal, and we still need to wait for the long term.
In the past two days, ETFs are still in the outflow market, and most funds are still hovering in the AI track. The downturn is not expected to stop in the short term, and we can wait for the capital hotspot to come back.
Just get through this difficult time in the history of encryption and stay calm. #BTC走势分析
