Limingyang 6.4 Evening Hourly Chart Market Analysis + Long and Short Trading Strategies

Personal opinion, not investment advice

ETH hourly chart previously experienced continuous unilateral decline, bottomed out at 1716.88, stabilized after stopping the fall, entering a low-range weak consolidation; short-term fluctuation range is 1720-1765, with 1717 as a firm support level, and 1765 as a short-term resistance level. The MA5, MA10, and MA30 moving averages are arranged in a bearish downward pattern, with high and low points of the candlesticks fluctuating slightly, alternating between yin and yang candlesticks; indicators repeatedly cross above and below the zero line, with no significant volume breakout, overall judging as a weak zone of oscillation, following the range high sell and low buy strategy.

BTC hourly chart after continuous decline found a stage low at 61320.1, the downward momentum slowed, entering a low-level correction and consolidation, with a short-term fluctuation range of 61500-63300; the upper MA5 and MA10 moving averages continue to suppress the market, candlesticks show small bearish and bullish sideways consolidation, bearish momentum is temporarily exhausted, maintaining a box-range oscillation in the short term.

Long positions
Entry: Gradually enter long positions on dips within the support zone of 1720-1728
Stop loss: 1715
Take profit: First target 1758-1765, after breaking and stabilizing, second target 1775

Short positions
Entry: Gradually enter short positions on rebounds at resistance of 1758-1765
Stop loss: 1778
Take profit: First target 1730-1722, second target near 1718 if support is broken

Long positions
Entry: Gradually enter long positions on dips within the support zone of 61500-61700
Stop loss: 61300 (exit if the stage low is broken)
Take profit: First target 63000-63300, after breaking through, second target 63900

Short positions
Entry: Gradually enter short positions on rebounds at resistance of 63000-63300
Stop loss: 64000
Take profit: First target 61800-61600, second target near 61350 if support is broken

If the price effectively breaks through the range stop-loss point, the oscillation pattern invalidates, abandoning the original range strategy, and following the trend with a unilateral market.

‼️Personal opinion, not investment advice$ETH