6.18 Early morning Bitcoin and Ethereum market analysis ~ Bitcoin's mid-track support has been broken, support has turned into resistance, and the short-term trend focuses on a rebound to high shorts.

CN
孟晓瀚
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3 hours ago

Throughout the day and into the evening, the market continued to experience fluctuations and a downward trend. The middle band of the daily BOLL has cruelly broken down again, and our low-dip strategy has regrettably missed the opportunity.

Currently, after the closing in the early morning, Bitcoin has seen a significant drop due to this wave of increased volume, with the TD indicator once again showing a green TD1. Affected by the decline, the MA5 and 10-day moving averages have resonated downwards again, and both MACD and KDJ have shifted from bullish to bearish. The weekly K chart has also shown a continuous formation of upper shadow lines. From the current trend, if the daily line continues to drop in volume tomorrow, the price will once again test the support level of 100,500, which is the support of the weekly MA10 moving average. If this position holds, there will still be a chance for a rebound this week; otherwise, if it breaks the strong support at 100,500, it will only be a matter of time before Bitcoin returns to around 95,000.

On the 4-hour chart, with four consecutive bearish K bars, the overall BOLL band has also slightly opened downwards, and both MACD and KDJ are resonating downwards. The continuous pressure from the MA 5, 10, and 30-day moving averages indicates that the bears currently dominate. Looking at the hourly chart, the K line shows a one-sided downward trend, and the TD indicator has reached TD13, with indicators showing severe overselling. There is a gap of nearly 2,000 between the price and the MA5 daily moving average. It is expected that tonight will first see a downward movement followed by a rebound. In the early morning, key support levels to watch below are: 102,500-100,500. If any support below holds, a short-term low-buy strategy can be considered, with resistance levels at 105,500-107,200. Therefore, for operations from early morning to morning, my personal view is to focus on short positions primarily, with low long positions as a supplement.

Operational Strategy: Buy at 103,000-102,500, Target: 105,000-106,000, Stop Loss: 102,000

Short position reference at 105,500-106,500, Target: 102,000

Ethereum's overall trend is currently in sync with Bitcoin, and the daily trend is lagging behind Bitcoin by one cycle, with the short-term market also leaning towards a downward trend. However, due to lower trading volume and resistance to declines compared to Bitcoin, the resistance level is referenced at: 2,550-2,587. The support level is referenced at: 2,430-2,360 (do not chase highs or cut losses). Therefore, for operations from early morning to morning, my personal view is to focus on short positions primarily, with low long positions as a supplement.

Operational Strategy: Buy at 2,455-2,425, Target: 2,500-2,550
Short position reference at: 2,550-2,580, Target: 2,450-2,400
For the short-term trend, this should be sufficient, and updates will continue.
Personal views are for reference only; there may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Caution is advised when entering the market. Analysis is not easy; feel free to like and follow the public account for surprises!

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