6.1 Monday Lunchtime Market Analysis


At the opening of a new week, the price is moving along the lower Bollinger Band, RSI hovers between 45-48, indicating a neutral to weak sentiment, MACD's green bars below the zero line continue to shrink, the downward momentum is weakening but has not yet crossed above, indicating a weak consolidation phase. The hourly chart also broke below the middle Bollinger Band, showing a similar weak trend with Bitcoin, mainly oscillating and retracing in the short term. In the afternoon, a test of support areas could be used to look for technical rebounds.
BTC trading suggestion: Buy near 73,200-72,500, take profit at 73,800-74,500, stop loss at 71,800
ETH trading suggestion: Buy directly at 1,970-1,990, add positions at 1,940, take profit at 2,020-2,040, stop loss at 1,900
You can also consider entering long positions in batches.
BTC-6.7%
ETH-5.23%
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