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June 27 Bitcoin (BTC) Ethereum (ETH) market analysis [Overall still in a short positions trend], including strategy order reference.
1. Technical Analysis
🔹【Bitcoin】
Bitcoin external analysis will not be released today.
Resistance levels: 107600, 108100;
Support levels: 106600, 106000;
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🔹 【Two Cakes】
Two Coin Daily Chart: Let's first look at Chart 1. This line is one that I brought up again on Monday, and note that it is a re-emphasis, a line we need to pay attention to again. Since Two Coin broke below the lower track of this line and started a deep correction in the last wave, this can be viewed as the boundary line for bulls and bears on the daily chart for Two Coin. Only when Two Coin truly stands above it can it be considered that the daily trend has turned bullish.
Below is the strong and weak dividing line at 2380. If the second coin breaks below here, in a short positions trend, the second coin weakens and continues to drop to the bottom, which is the possible event we mentioned earlier, such as a W bottom or triple bottom.
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Ethereum intraday: In the intraday, we see in Figure 2 that Ethereum has obviously formed an upward parallel channel, with 2410 as the lower bound and 2510 as the upper bound. Since this is the case, the trend becomes very clear. If 2410 breaks down, we will test the daily strong and weak line at 2380 on the 4-hour level to distinguish whether it is a false breakout or a double bottom exploration. The upper bound is a key factor in determining the small trend of Ethereum's 3-wave upward movement.
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Resistance level: 2510;
Support level: 2380;
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2. Strategy Order
(The following is just a simple trend analysis for reference only, specific data can only be analyzed upon arrival. If you are interested, you might want to follow me.)
🔹eth script 1: sell around 2515 (target: 2550), phase 1: 2450; phase 2: 2430; phase 3: 2390
🔹eth script 2: buy near 2495 (target: 2550), phase 1: 2420; phase 2: 2450; phase 3: 2490
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3. News
🔹The Canadian banking regulator has stated that it is ready to regulate stablecoins, and a regulatory framework is being developed.
🔹The Hong Kong Financial Services and the Treasury Bureau has released the "Hong Kong Digital Asset Development Policy Declaration 2.0," stating that the government will strengthen efforts to expand tokenization schemes and promote broader asset and financial instrument tokenization. The policy emphasizes the application of this technology in various fields, including precious metals, non-ferrous metals, and renewable energy.
To promote the development of the tokenized market, the Hong Kong government has clearly stated that all ETFs listed on the Hong Kong Stock Exchange are exempt from stamp duty during transfers, and this policy will also apply to tokenized ETFs in the future.
In addition, the "Policy Declaration 2.0" also encourages market participants to explore the advantages of ETF tokenization, including introducing it for secondary market trading on licensed digital asset trading platforms or other platforms.