6.19 Early morning Bitcoin and Ethereum market analysis ~ The market fluctuates, declines, and rebounds, maintaining a bearish outlook.

CN
孟晓瀚
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7 hours ago

In the early hours of the 18th, Bitcoin experienced a rebound, with the price touching the resistance level of 105,500 before facing pressure and falling back again. Our strategy of high selling and low buying set in the early hours did not capture the low buy, but the high sell yielded a good profit margin. Congratulations to those who followed along.

Currently, the daily K-line has once again shown a TD2 downward trend. The MA5 moving average and the middle band of the BOLL are starting to slightly press down on the price. The MACD and KDJ indicators are in a bearish divergence arrangement, and when looking at the 12-hour line, all indicators still lean towards a downward bearish trend. This indicates that the bears are in control, and the price rebound cannot effectively break through the daily MA5 moving average resistance, so we should maintain a bearish outlook.

On the 4-hour line, the MA5, 10, and 30 moving averages are resonating to press down on the price. The MACD and KDJ indicators are diverging downwards, which also indicates strong bearish sentiment. When looking at the hourly line, the current trend is leaning towards a fluctuating downward movement. The support for the low points is referenced at: 102,500-100,500. Overall, Bitcoin is currently dominated by bears in the short term, so for operations from the early morning to the morning, my personal view is to focus on high selling, with low buying as a supplementary strategy.

Operational strategy: Sell in batches at 105,000-106,000. Target: 103,500-102,500. If the bears break down significantly, we can look towards the 100,500 level. Stop loss: 106,200.

Ethereum is currently moving in sync with Bitcoin, and the overall daily trend is slower than Bitcoin's cycle, with the short-term trend also leaning towards a fluctuating downward movement. However, due to lower trading volume and resistance compared to Bitcoin, its high point resistance is referenced at: 2,550-2,587. The low point support is referenced at: 2,430-2,360. Therefore, for operations from the early morning to the morning, my personal view is to focus on high selling, with low buying as a supplementary strategy.

Operational strategy: Sell at 2,530-2,560. Target: 2,480-2,450. If there is a significant drop, we can look towards the 2,360 level. Stop loss: 2,580.

For the short-term trend, this should be sufficient, and I will continue to update.
Personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be guided in real-time. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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