Pionex: Bitcoin Latest Market Analysis on June 21

Article Published on 2025.6.21 ---- 03:00 AM

The current price of Bitcoin is 103,300. The short positions dominate the market, and the overall technical outlook is weak. Multiple indicators suggest that the market will continue to trend downward in the short term. Therefore, in the short term, the price may continue to hover around the key support level of 102,300. If it cannot effectively hold this support, there is a possibility of further declines. Conversely, if the price finds support and rebounds, the upward movement may be limited due to resistance above. It is still necessary to pay attention to the sustainability of bullish momentum. Finally, Pionex advises cautious investors to wait and see until the market clearly stops falling and stabilizes before considering entry to reduce risk. Short-term traders should focus on the performance of the important support level of 102,300. If the support level breaks, they may consider entering short positions following the trend. If the price holds the support and rebounds with volume, they can attempt to enter long positions at lower levels with a tight stop-loss.

Today's Reference Points:

• Long Entry Point: 102,500, Stop Loss: 102,000, Target: 104,000
• Short Entry Point: 105,000, Stop Loss: 106,000, Target: 103,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,420. The market trend continues to show a downward trajectory, having retraced from a high of 2,680 and currently oscillating around 2,425, with market performance appearing weak. Several technical indicators, such as MACD and RSI, are showing bearish signals. Therefore, in the short term, Pionex believes the price may remain weak, with the core support level at 2,360. If this level is breached, further declines may occur. However, as it approaches the oversold area in the short term, if the price can hold above the 2,360 support, there may be a technical rebound demand. Finally, Pionex suggests that given the strong bearish momentum in the current market, it is advisable to wait for a clear bottoming signal before entering. If a bottom formation or reversal pattern appears near 2,360, gradual accumulation can be considered, but strict stop-loss measures should be in place to manage the risk of support being broken.

Short-term Strategy Reference:

• Long Entry Point: 2,330, Stop Loss: 2,280, Target: 2,450
• Short Entry Point: 2,450, Stop Loss: 2,500, Target: 2,350

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only. Risks are borne by the reader.

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