Mr. Coin Circle: June 24 Bitcoin (BTC) Market Analysis Reference
Bitcoin quickly declined after reaching around 65600 yesterday, and the subsequent bullish momentum weakened, with the price starting to gradually give back gains. Yesterday's movement continued to decline as expected after breaking below the 63000 level, entering a consolidation pattern at the daily level. However, the short-term trend is in a weak fluctuation, and the low has approached the support level around 62000. If this area is broken, it is expected to further test downward, so I hope all coin friends can prepare in advance.
Looking at the short cycle four-hour chart, the trend shows continuous declines, with the price remaining in the lower Bollinger Band area, currently operating around 62500. The short-term rebound force is weak, and if it cannot break and stabilize above 63000, the price is likely to test downward further, so the current trend does not suggest blindly going long; be cautious of prices falling again. Currently, the trend is in a downward fluctuation, and recent gains have already been consumed, so it is recommended to primarily focus on short positions during rebounds and marginally consider going long. Watch for resistance around 63800 and support around the 62000 level, with a break focusing on 60500. Follow Mr. Coin for real-time market analysis.
June 24 Bitcoin Short-Term Reference:
Go short in the 64500-63500 range, with a stop loss at 66500, risking 500 points, targeting below 72500.
Go long in the 61300-60300 range, targeting above 62500, with a 500 point stop loss.
Messages may have a delay; strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment is regarding the market, always manage your stop-loss and take-profit, securing your gains.
June 24 Ethereum Short-Term Reference:
Go short in the 1715-1785 range, with a stop loss at 1870, targeting below 1730.
Go long in the 1610-1580 range, with a stop loss at 1410, targeting above 1680.
Messages may have a delay; strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment is regarding the market, always manage your stop-loss and take-profit, securing your gains.
For more real-time trading strategies, online technical learning, liquidation, and exit strategies, follow the mentor's public account (Mr. Coin Talks Coins) to obtain the addition method: The first ten daily can receive free liquidation strategy assistance.
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