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Analyst Liang Qiu: On June 21, Bitcoin/Ether Kongdan successfully secured, along with evening flight analysis.
Bitcoin/Ethereum has had a decent overall volatility these past few days, and the previous strategy of going long first and then short has also been successful. Currently, after the decline in market sentiment, there is a narrow range of fluctuations, coinciding with the weekend where the volatility space is even narrower, and Ether appears weaker, with the rebound strength after the pullback being relatively weak.
The K-line pattern of Bitcoin shows that after a recent price increase, there was a rapid decline on the daily level. Currently, it is oscillating and consolidating around 2420 and 103400, forming signs of a short-term bottom. On the 4-hour level, the previous large bearish candle was accompanied by a volume increase, followed by a slight rebound; however, it remains in a weak position overall. In terms of technical indicators on the 4-hour cycle, both DIF and DEA are below the zero axis and continue to diverge downward, indicating a clear bearish trend, although the green bars are shortening, suggesting that the downward momentum may be weakening.
Evening operation suggestions BTC: around 102800 to 103300, target around 104800; ETH: around 2390 to 2410, target around 2460.
[The above analysis and strategies are for reference only, risks are to be borne by yourself, the article review and publication do not have timeliness, and specifics are subject to real-time updates] #Gate广场创作者星火计划:入驻享每月超$10,000奖池# #超百家公司持有超83万枚比特币# #VIP专属余币宝定期理财#
Its core logic:
First step, the price hits the same high point twice without success, forming an obvious resistance level;
Second step, both pullbacks occur in the same support area.
Third step, once the support is effectively broken, the pattern is established.
And if a rebound tests and fails to re-establish above this area, it is an opportunity to increase the position or to short.