24/06/24BTC has been falling for more than half a month and will retest the bottom of the box. Will the dollar cause major changes?
The price of big cake has been falling for more than half a month, from 72000 to 62900, a drop of more than 9000 points, a drop of 12%, and the new weekly line has fallen below the BOLL middle track, which is a very dangerous signal. It should be noted that it has been the first time since it broke through the middle track in October. When it failed to break through 72000 many times before, it also reminded to reduce positions at highs, reminding that there would be a sharp drop or a copy of the 519 market. However, the market has been falling, and the rebound has been blocked by the pressure of the second test. A descending wedge can be seen near 65000, but the rebound is unable to continue to fall.
24/06/07 The European Central Bank cut interest rates for the first time in 5 years. BTC was rejected at 72,000 many times. Things to pay attention to in the short term!
24/06/11 Morgan shorted gold futures by one trillion U.S. dollars, and the U.S. dollar index continued to act up. How should the Crypto market respond?
24/06/12 Potential M-head at the weekly level, reduce positions when spot prices rise, beware of a sharp drop that replicates the 519 market!
24/6/13BTC staged a double kill of long and short positions, CRV may be at risk of collapse, and the downward trend has not changed
24/06/14 was rejected under strong pressure, the daily line has two Yins and Yangs, and a sharp drop is coming!
The weekly line of Ethereum will also test the BOLL middle track support again. The Ethereum exchange rate rebound did not have any independent market trend and was also brought down by Bitcoin. Four consecutive weeks of decline will continue to test the two-time pin bottom of 3355.
Flatbread
The weekly line has already formed a break below the BOLL middle track M head, and it has continued to fall after breaking below MA120 without a second rebound test. Next, it will continue to test the bottom of the box at 60600-62000. The support strength near the bottom of the box will be relatively strong. In this range, we will first see a short-term rebound, and there is no need to rush to short.
The monthly line will close in one week, and the high level has been fluctuating for 4 months. The RSI has fallen below the overbought area, and the KDJ has shown signs of a high-level death cross. The weekly MACD continues to fall without changing its pattern, and the RSI and KDJ turn downward.
The big cycle continues to be bearish. The first bottom-picking opportunity is 59600-62000, the second bottom-picking opportunity is 55000-56552, and the third bottom-picking opportunity is 43000-45000 (extreme situation). Please be patient.
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ether
The daily line is still oscillating inside the triangle and will test the 3355 support again. The weekly line is likely to touch the BOLL middle track and fall below it. MACD is leaking oil in the air and is still constrained by Bitcoin. Even if the ETH spot ETF is really passed on July 4, it will be difficult to change the current trend without an absolute increase. It should be noted that once it passes, Grayscale will sell it off like the BTC spot ETF.
I personally suggest watching more and doing less when the US dollar index is acting strangely. The US dollar tide is still harvesting the whole world, so many people are guessing when the interest rate will be cut. I think the interest rate cut will not happen in a short time unless the US dollar index weakens. At present, the US dollar is facing the pressure of 106 again. The pressure of 106-107 is very critical. We will continue to update.
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pressure:
$ETH $SOL #币安合约锦标赛 #MegadropLista #CryptoTradingGuide #币安HODLer空投
