Daily Line Analysis
On the daily chart, the price of Bitcoin rebounded to the $66,500 level after hitting the bottom with two needles and stabilized and fluctuated. The current upward resistance is at $66,800. If it can break through this level, it is expected to enter the intraday fluctuation space; otherwise, it may continue to decline.
Four-hour level analysis
In the short term, the four-hour chart shows that the overall operation has begun to narrow, with the price range between $67,200 and $65,300, and has not yet broken through strongly. In the future, the price may continue to fluctuate in a small range, with special attention to the $66,100 integer mark as short-term support.
One-hour level analysis
On the one-hour chart, the Bollinger Bands show an upward opening, and the price remains in the rising channel. However, the MACD indicator shows signs of falling closing volume, and attention should be paid to the support strength of $66,000. At the same time, there is suppression at the high of $66,800.
Comprehensive Recommendations
Based on the above analysis, it is recommended to continue to short the market in a steady rebound. The preset operation suggestions are as follows:
Pre-buried empty order:Open a short position in the range of 67300-66800 USD, set a defensive stop loss of 500 pips, and set a target above 600 pips
Ethereum (ETH) market analysis and operation suggestions on June 18, 2024
Daily Line Analysis
The daily chart shows that the price of Ethereum continues to fall, lacking signs of a strong rebound. The falling negative line formed the previous day deepened the bearish sentiment in the market, and the resistance of $3,530 needs to be closely watched.
Four-hour level analysis
On the four-hour chart, the Bollinger band begins to close, indicating that the market is entering a volatile phase. The price range is expected to fluctuate between $3,680 and $3,420, which will be the key range in the near future.
One-hour level analysis
The one-hour chart shows that the price of Ethereum is showing a clear downward trend. The MACD indicator shows that the bearish signal is increasing again, and the fast and slow lines form a dead cross below the zero axis, further strengthening the short-term bearish signal. The current short-term support level is around $3,460, and the upward resistance level is around $3,580.
Comprehensive Recommendations
Based on the above analysis, it is recommended to continue to focus on the short-selling strategy. The preset operation suggestions are as follows:
Pre-buried short order: Open a short order in the range of 3650-3680 US dollars, and set a defensive stop loss of 30 points.
