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6.10 BTC and ETH midday market analysis
Last night, we said that Bitcoin’s key resistance level was 62,400.
If we had mentioned the resistance level higher in advance, the brothers holding long positions above could have been able to get out.
Below, still watch 60,450-60,550 for taking short-term longs.
Below, watch for the long entry area at 59,300-59,700, with a stop-loss at the new low.
On the upside, set up for shorts.
For the short target zones above: 64,500-65,800-67,500.
For Ethereum, on the downside, watch the area at 1,555-1,563 for entering longs.
Go long at 1,510, with a stop-loss at the new low.
On the upside, set up for shorts.
For the short target zones above: 1,730-1,777-1,830.