▪️K-line pattern: According to the 1-hour K-line chart, a bearish engulfing pattern has appeared along with a top reversal pattern, while a high position red three soldiers pattern exists. The former indicates a possible short-term decline, while the latter requires caution for a trend reversal.
▪️Moving Average System: EMA(15) and EMA(60) are in a bullish arrangement, with the short-term EMA rising sharply, suggesting a strong upward phase. However, considering factors such as the candlestick pattern, this upward trend may face adjustments.
▪️MACD Indicator: After the DIF and DEA lines form a golden cross and continue to diverge, the red bars expand, indicating strong bullish momentum. However, attention should be paid to the situation where momentum weakens after a rapid rise. If the red bars shorten or the moving averages confirm a death cross pattern, it may be a signal of trend reversal.
▪️RSI Indicator: The RSI is close to the overbought area, with the RSI reaching 86.84 on the 1-hour candlestick chart, indicating short-term exuberance, and the price is likely to experience a pullback.
Operation Recommendations: BTC: 109500-109000 range, look around 108000 ETH: 2690-2670 range, looking near 2640
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
6.10 Tuesday Evening Market of BTC/ETH
▪️K-line pattern: According to the 1-hour K-line chart, a bearish engulfing pattern has appeared along with a top reversal pattern, while a high position red three soldiers pattern exists. The former indicates a possible short-term decline, while the latter requires caution for a trend reversal.
▪️Moving Average System: EMA(15) and EMA(60) are in a bullish arrangement, with the short-term EMA rising sharply, suggesting a strong upward phase. However, considering factors such as the candlestick pattern, this upward trend may face adjustments.
▪️MACD Indicator: After the DIF and DEA lines form a golden cross and continue to diverge, the red bars expand, indicating strong bullish momentum. However, attention should be paid to the situation where momentum weakens after a rapid rise. If the red bars shorten or the moving averages confirm a death cross pattern, it may be a signal of trend reversal.
▪️RSI Indicator: The RSI is close to the overbought area, with the RSI reaching 86.84 on the 1-hour candlestick chart, indicating short-term exuberance, and the price is likely to experience a pullback.
Operation Recommendations:
BTC: 109500-109000 range, look around 108000
ETH: 2690-2670 range, looking near 2640