Will Bitcoin's weak rebound on June 25 continue to decline? Market analysis and operation suggestions
Those who have been following me recently know that I have always advocated the idea of high-altitude as the main method, and I have not disappointed my friends who have followed the operation. I feel numb to the words of profit-taking recently. The trend is so obvious to me that it is short. I said in the article published last Saturday that all technical indicators have pointed to the short position, and it has been sideways for two days over the weekend. So to put it bluntly, there must be a big market on Monday, which is inevitable.
The trend of the 4-hour technical chart is basically the same as that of the daily chart, and the MA moving averages still maintain a short arrangement structure. Although the bottom-picking opportunity mentioned in the previous article is not yet mature, and the bottom-picking idea around 58,000 has been verified, the short-term technical aspect has seen a shrinking change in the short position. Therefore, according to the analysis, the short-term expected technical rebound today will continue to show a bearish trend, and the operation is still mainly bearish. Bitcoin recommends entering the market with short orders at 61400-61600, with a target of 60000. The above suggestions are for reference only. Investors should make decisions based on their own risk tolerance and market trends. The same name shrinks the public account: Li Hong trend, profit space is controlled by yourself, and the trading plan is strictly implemented.
Ethereum's performance on the daily chart is slightly stronger than Bitcoin. Its decline did not touch the second support level of 3065, but stabilized near the first support level of 3260. During the continuous decline of Bitcoin, Ethereum has been holding on to the support level of 3400. Last night's decline in Bitcoin drove Ethereum to around 3260 and closed with a long lower shadow, which may mean that Ethereum's decline has been in place. Therefore, in the short term, Ethereum is also expected to usher in a rebound opportunity. Overall, both Bitcoin and Ethereum are technically bearish, but Ethereum's trend is relatively strong and may rebound in the short term. In terms of operation, investors should be cautious. Combining technical analysis and market trends, the short-term expected technical rebound will continue to show a bearish trend, and the operation is still mainly bearish. Ether recommends entering the market with short orders at 3380-3400. The target above 3300 is for reference only. Investors should make decisions based on their own risk tolerance and market trends.
