Zhou Yanling: 6.23 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Recently, the situation in the Middle East has caused significant losses across major financial circles. Just last night, the Iranian parliament's approval to close the Strait of Hormuz has once again sparked intense attention. This strait is a vital passage for oil and gas exports from the Persian Gulf, accounting for about 20% of global oil and gas exports daily. If it is blocked, oil prices may surge in the short term. However, since 60% of Iran's oil exports also pass through this strait, a blockade would mean cutting off their financial lifeline, potentially leading to diplomatic isolation and military strikes from the U.S. A similar threat in 2019 was not executed. The current turmoil in the Middle East is heightening market risk aversion, prompting investors to sell off risk assets, leading to a collective plunge in the cryptocurrency market. Yanling reminds that recent operations should focus on stop-loss and risk control.
From the market trend perspective, the daily chart shows a continuous series of bearish candles, with prices retreating from high levels, forming a clear downtrend. Yesterday, there was another significant drop, presenting long upper shadows and large bearish candles. On the hourly chart, prices are fluctuating around 99,000, but overall remain in a weak consolidation state after a low-level rebound. The technical indicators show that the hourly MACD histogram continues to be negative, with both DIF and DEA operating below the zero axis, indicating that bearish forces are dominant; the daily MACD is also in a death cross state, continuing the downward trend. The hourly RSI value is 25.74, close to the oversold zone, suggesting a potential short-term rebound; the daily RSI value is weak, not yet in the oversold area but showing signs of fatigue. The hourly EMA7, EMA30, and EMA120 are in a bearish arrangement, with prices repeatedly facing resistance at EMA7, indicating strong short-term pressure; the daily EMA also shows a bearish arrangement, with EMA30 exerting pressure on prices. In the short term, market selling sentiment is strong, and operations should primarily focus on short positions, while also being cautious not to be greedy and to take profits to avoid being trapped in a rapid rebound.
6.23 Bitcoin Trading Strategy:
Short at 101500-100500, stop loss above 102500, target 97000-96000, continue to look for a breakdown towards around 94000.
Light long at 98000-99000, stop loss below 97000, target 100200-101300.
6.23 Ethereum Trading Strategy:
Short at 2320-2290, stop loss above 2350, target 2120-2090.
Long at 2050-2080, stop loss below 2010, target 2160-2190.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, emphasizing capital management and risk control. His trading style is steady and decisive, recognized by many investors for his easygoing yet responsible character and sharp, decisive operations. For more real-time community guidance, consultation on position liquidation, market observation techniques, and candlestick learning, you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.
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