Hongwei said about coins: On June 18th, strategy analysis for Bitcoin (BTC) and Ethereum (ETH), can a new channel be opened?

CN
3 hours ago

**The more diligent, the more effort; the more disciplined, the more excellent. I am Hongwei, focusing on the trend analysis of mainstream coins, providing insights based on my own technical analysis.

The essence of trading is survival, and only then is profit. Therefore, before each operation, think clearly about whether your actions are reasonable and whether your capital is safe. You need to form a trading strategy that belongs to you, continuously optimizing and improving it. Although Hongwei's suggestions on coins may not make you rich overnight, they can ensure your presence in the market. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you can understand.**

Recently, a "flat bottom" pattern has appeared, forming potential support, with a time frame of two consecutive similar low points within 1 hour; however, the current "flat top" pattern may form resistance. WR: The WR indicator has gradually risen from the oversold zone to a neutral high area of 66.48, indicating that the market is rebounding from a low position but lacks strong breakout signs. MACD: The DIF line is rising but still below the DEA line, indicating a possible short-term rebound, but the trend has not reversed, with the histogram turning from red to green showing initial bullish momentum. RSI: The RSI has quickly risen to 53.78, indicating enhanced short-term bullish strength, but the slow line has not yet broken through 50, and the long-term trend remains weak. Alligator: The three lines continue to diverge downward, indicating that the market is still in a downtrend, and the short-term rebound is insufficient to change the overall bearish dominance.

The 4-hour MACD bearish momentum trend continues to strengthen. Currently, Bitcoin is in a bottom rebound in the morning. If it reaches the resistance level of 105500, a new price channel will form.

The new price channel will reach position 2, which means that from the monthly line perspective, the MA5 position below the candlestick is at 94000. If there is indeed a pullback, a new trend will occur, and it will also explore a new low at 1033. If we refer to the monthly MA5, there is a higher probability of a drop to the 94000 position.

Therefore, the downward space is more profitable.

Thus, Hongwei's 618 strategy is shared as follows:

Short Bitcoin at 105000-105500, take profit at 104000-103000-102000, add to short position at 107000.

Ethereum is currently at a low position; as long as it does not break 2400, it can be bought long.

**—— I am Hongwei, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! Let's exchange ideas and profit together! Remember Hongwei, available 24 hours, follow Hongwei and you won't get lost!

**[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations are subject to Hongwei's real-time strategies.]

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