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BTC & ETH: June 14th afternoon Bitcoin, Ether latest trend forecast analysis and operation strategy
This article is exclusively analyzed by Bai Qi & Guan Yu Yu, representing the exclusive views of Bai Qi & Guan Yu Yu. We have in-depth research and practical experience in BTC, ETH, and various altcoins. Due to the timing of the article, the following opinions and suggestions are not timely and are for reference only. Please bear the risk, and please indicate the source when reposting. Please control your position reasonably and avoid heavy or full positions.
—— BTC ——
Recent focus: the range of 68400-69200 above, the range of 65850-66150 below. Still need to pay attention to whether the range of 64500-65000 at the bottom can provide effective support.
Structure Form: It can be seen from the chart that the area of middle pressure support has already formed the bottom shape, and the yellow slope line 1 effectively suppressed it yesterday.
Note: Pay attention to whether the price breaks through the yellow slope line 1 in the chart and whether the yellow slope line 1 effectively suppresses. Also, pay attention to the accelerated upward trend after the yellow slope line 1 breaks through.
long order: If the 65850-66150 range is retested without breaking the entity, go long when a bottoming signal is given on the 5-minute or 30-minute chart.
Short order: If the rebound entity in the 68400-69200 range does not break through, a short position signal is given on the 5-minute or 30-minute chart.
Focus on: the accelerating market pump of the upward breakthrough of the yellow slope line 1 in the chart and the support in the range of 65000-64500.
—— ETH ——
Recent focus: the range of 3565-3600 above, the range of 3380-3400 below. Pay attention to whether the vicinity of 3660 can serve as an effective resistance above.
Pattern: As can be seen in the chart, the candlestick quickly fell after breaking out of the convergence pattern, and after reaching the price of 3428 below, it formed a W-shaped bottom.
Attention: Pay attention to whether the W-bottom formation can bottom successfully. If it bottoms successfully, pay attention to the pullback to the W-bottom neckline.
Trading strategy:
Short order: Short if the 3565-3600 range is tested without breaking through the solid support. Short if a top formation signal is given on the 5-minute or 30-minute chart.
Long order: buy in the 3380-3400 range, if it does not fall below, and go long if there is a bottom formation signal in the 5-minute or 30-minute chart.
Long order: Buy in the range of 3480-3460, if it doesn't fall below, go long. If there is a bottom formation signal in the 5-minute or 30-minute chart, go long.
Key focus: Whether the support in the 3380-3400 range is effective, whether the neckline support at the W bottom is effective, price range 3460-3480.
【Reminder】: The above content is original by Baiqi & Guanyuyu. The advertisements at the end of the article and in the comments section are unrelated to Baiqi & Guanyuyu. Please discern carefully and thank you for your appreciation. Investors are welcome to follow Baiqi & Guanyuyu for more real-time market analysis. #BTC☀ # ETH🔥🔥🔥🔥 $ETH $BTC