The latest market shows that BTC and ETH approached previous lows at around midnight on June 24, with the shipping index reaching 100135.3.
From a short-term market perspective, although there are some signs of a bottoming out, caution is still required. Recently, the market has shown a "Black Three Soldiers" pattern, and with both the MA7 and MA30 moving averages still in a bearish arrangement, this suggests that the market may continue to oscillate or decline in the short term.
However, it is worth noting that a hammer candlestick pattern seems to have formed around 99907.0, which may suggest that there is some support at this price level, helping to limit the risk of further significant declines.
For trading strategies, it is recommended that investors consider looking for long opportunities in the range of 99000 to 99500, with a target price set around 101000. As for ETH, attention can be paid to buy opportunities in the range of 2180 to 2200, with a target price set around 2280.
However, given the current market uncertainty, investors must remain vigilant, closely monitor real-time market trends, and adjust their strategies in a timely manner. Remember, risk management is always the primary consideration in the cryptocurrency market.
The current geopolitical situation is tense, especially the changes in the Middle East, which may have some impact on the cryptocurrency market. Investors should also take these macro factors into account when formulating their investment strategies.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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WenMoon
· 13h ago
Lost again. Eating dirt today.
Reply0
LiquidationAlert
· 13h ago
Let's continue to wait for the fall, the market is not doing well.
Reply0
JustAnotherWallet
· 13h ago
No one can withstand this round of fall, it's tragic.
Reply0
Anon4461
· 13h ago
All in, no feelings.
Reply0
IfIWereOnChain
· 13h ago
No one mentioned why this support level is so thin.
The latest market shows that BTC and ETH approached previous lows at around midnight on June 24, with the shipping index reaching 100135.3.
From a short-term market perspective, although there are some signs of a bottoming out, caution is still required. Recently, the market has shown a "Black Three Soldiers" pattern, and with both the MA7 and MA30 moving averages still in a bearish arrangement, this suggests that the market may continue to oscillate or decline in the short term.
However, it is worth noting that a hammer candlestick pattern seems to have formed around 99907.0, which may suggest that there is some support at this price level, helping to limit the risk of further significant declines.
For trading strategies, it is recommended that investors consider looking for long opportunities in the range of 99000 to 99500, with a target price set around 101000. As for ETH, attention can be paid to buy opportunities in the range of 2180 to 2200, with a target price set around 2280.
However, given the current market uncertainty, investors must remain vigilant, closely monitor real-time market trends, and adjust their strategies in a timely manner. Remember, risk management is always the primary consideration in the cryptocurrency market.
The current geopolitical situation is tense, especially the changes in the Middle East, which may have some impact on the cryptocurrency market. Investors should also take these macro factors into account when formulating their investment strategies.