The market is not inappropriate, and the market is not weak. The problem is that we are in the wrong position, and once we realize that we are heading in the wrong direction, we must correct it in time to avoid becoming more and more wrong. If you can't figure out the current market on your own, you can also follow the layout from Lao Chen. The Saturday market is neither big nor small; early in the morning after Bitcoin's price rose again by 110,000 five fruits, Bitcoin's price once again retreated, reaching a minimum of 106,800 in the morning, stopping the dip and bouncing back. Currently, the price of the currency is around 108,300. The back-and-forth movement of the currency's price range has not provided much continuity. Ethereum reached its bottom after hitting a minimum of 2,503 in the morning. Currently, the price of the currency has reached 2,550. Many orders we placed early this morning were also successfully won.

Saturday and Sunday are also days when the market is thin, judging by the four-hour level, after yesterday's wave of large pullbacks, the price of the currency is currently showing long and short positions back and forth. The price range continues to narrow. Judging by the hourly level, the price of the currency continued to decline, and the bears continued to exert pressure. Due to the convergence of the bearish body candlestick. So that the short-term perspective continues to break down. The overhead pressure is full, so the area repeatedly faces selling pressure, forming a clear resistance level. This state of firing with pressure from above and support from below has been going on for quite some time. It fully reflects the fierce game between the long and short sides at the current price. In terms of technical indicators, the fast and slow MACD line has formed a high death cross above the zero line, suggesting that the short-term corrective pressure has not yet been completely reset. The Bollinger Bands show an extreme tendency to narrow. Therefore, we maintain a bearish view of the market outlook.
Recommendations for operations
Short on Bitcoin 109000-108500. Target 106000
Short on Ethereum around 2580. Target 2500 #BTC #ETH #六月利率预测