Recently, the cryptocurrency market has shown characteristics of high-level fluctuations, especially the trends of Bitcoin (BTC) and Ethereum (ETH), which are the two major mainstream tokens, have attracted much attention.
From a technical perspective, BTC is currently hovering around $107,000. The daily chart shows a long upper shadow on June 26, indicating that upward pressure remains strong. On the 4-hour candlestick chart, the psychological level of $107,500 has become a short-term resistance, with the coin price touching it multiple times but failing to break through. Meanwhile, a certain level of support has formed around $107,000. The MACD indicator shows that the histogram is continuously shrinking, with the fast and slow lines positioned below the zero axis and gradually converging, reflecting that the current market momentum is weakening.
The trend of Ether is similar to that of Bitcoin, and it is also in a consolidation phase. Currently, Ether is looking for direction around $2,420.
Considering the current market conditions, it is likely to continue maintaining a volatile pattern in the short term. For investors who are interested in participating in trading, the following strategies can be considered:
1. In terms of BTC, you can follow the range of $107,500 to $108,000 as a potential shorting opportunity, with a target set around $106,500.
2. In terms of ETH, the range of $2,440 to $2,460 may provide short-selling opportunities, with a target around $2,380.
However, it is important to emphasize that the Crypto Assets market is rapidly changing and highly volatile. The analysis and suggestions mentioned above are for reference only, and it is essential to make judgments based on the latest market dynamics and individual risk tolerance during actual operations. At the same time, investors are advised to closely follow U.S. economic data, especially the upcoming May core PCE price index, as this may affect overall market sentiment.
Whether you are an experienced trader or a novice investor, it is crucial to remain cautious and rational in this highly uncertain market environment. Properly managing your positions, setting stop-loss orders, and constantly following market changes are essential for making steady progress in this market full of opportunities and risks.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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SelfStaking
· 7h ago
Get Liquidated is just around the corner!
Reply0
WagmiWarrior
· 7h ago
Shorting always incurs losses, right?
Reply0
OldLeekNewSickle
· 7h ago
There are always suckers catching a falling knife in a Ponzi scheme. High position fluctuations are good for playing people for suckers.
Reply0
FalseProfitProphet
· 7h ago
又跌到老地方了
Reply0
RektRecorder
· 7h ago
Long positions always tend to think too much.
Reply0
RugpullAlertOfficer
· 7h ago
Good luck and great fortune, everything will collapse tonight!
Reply0
ValidatorVibes
· 7h ago
still validating at 3am... protocol security never sleeps
Recently, the cryptocurrency market has shown characteristics of high-level fluctuations, especially the trends of Bitcoin (BTC) and Ethereum (ETH), which are the two major mainstream tokens, have attracted much attention.
From a technical perspective, BTC is currently hovering around $107,000. The daily chart shows a long upper shadow on June 26, indicating that upward pressure remains strong. On the 4-hour candlestick chart, the psychological level of $107,500 has become a short-term resistance, with the coin price touching it multiple times but failing to break through. Meanwhile, a certain level of support has formed around $107,000. The MACD indicator shows that the histogram is continuously shrinking, with the fast and slow lines positioned below the zero axis and gradually converging, reflecting that the current market momentum is weakening.
The trend of Ether is similar to that of Bitcoin, and it is also in a consolidation phase. Currently, Ether is looking for direction around $2,420.
Considering the current market conditions, it is likely to continue maintaining a volatile pattern in the short term. For investors who are interested in participating in trading, the following strategies can be considered:
1. In terms of BTC, you can follow the range of $107,500 to $108,000 as a potential shorting opportunity, with a target set around $106,500.
2. In terms of ETH, the range of $2,440 to $2,460 may provide short-selling opportunities, with a target around $2,380.
However, it is important to emphasize that the Crypto Assets market is rapidly changing and highly volatile. The analysis and suggestions mentioned above are for reference only, and it is essential to make judgments based on the latest market dynamics and individual risk tolerance during actual operations. At the same time, investors are advised to closely follow U.S. economic data, especially the upcoming May core PCE price index, as this may affect overall market sentiment.
Whether you are an experienced trader or a novice investor, it is crucial to remain cautious and rational in this highly uncertain market environment. Properly managing your positions, setting stop-loss orders, and constantly following market changes are essential for making steady progress in this market full of opportunities and risks.