Missile hits the market, preparing for a big drop! 20250622

CN
8 hours ago

Good evening, brothers!

In Jiangnan, one can pick lotus flowers, the lotus leaves are so lush.

In the pond of the nearby park, there are lotus leaves everywhere,

Picking a few lotus flowers to bring back,

My wife arranges them in a vase,

With a faint fragrance.

Sometimes I also miss the summers of my childhood,

In June, the lotus flowers bloom brightly,

Farmers guard the roads,

Selling lotus flowers and lotus seeds,

A handful of lotus leaves wrapped around a few flowers and lotus pods,

Adding a touch of poetry to the mundane days…

Why do we always say that middle-aged people are nostalgic?

It's simply because when we were young, we didn't have so many stories to reminisce about.

A family,

Living together,

Simple and plain,

Peaceful is the best.

……

The cryptocurrency market experienced a brief sell-off over the weekend, with Ethereum's decline reaching 7.7% early Sunday morning, and Bitcoin briefly falling below $101,000. This round of decline coincided with the U.S. airstrikes on Iran's nuclear facilities and escalating geopolitical tensions, leading to increased risk aversion among investors.

Market panic resulted in large-scale liquidations, with approximately $679 million in cryptocurrency positions forcibly closed within 24 hours, affecting over 171,000 traders. The largest single loss came from a $9.15 million ETH long position on the HTX exchange.

However, after the brief decline, both Bitcoin and Ethereum rebounded, recovering lost ground.

BTC: On the 4-hour chart, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.

On the daily chart, the price continues to be suppressed by multiple moving averages, showing a weak price trend.

In summary, the support level is 102,300, and the resistance level is 102,600.

ETH: On the 4-hour chart, the price continues to stay near the lower band of the Bollinger Bands, showing a weak price trend. The short-term market has been oversold, and it may be appropriate to buy the dip, with a support level of 2,240 and a resistance level of 2,270.

LTC: The price continues to stay near the lower band of the Bollinger Bands, showing a weak price trend, with a support level of 80 and a resistance level of 82.

BCH: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 450 and a resistance level of 480.

That's all for now, good night!

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