6.14 BTC.E TH midday market analysis

Brothers, good afternoon. The market is currently at a relatively critical spot—the top of the consolidation range. The 4-hour Bollinger Bands are closing with a very tight squeeze. By the second half of tonight and tomorrow, we should be able to see a clear direction. If you’ve been shaken out, pay attention to whether BTC can strongly break through the 64,700 level. The levels above 66,100, 67,500, and 69,300 are all suitable for opening shorts. If it goes above 67,500, you can try holding out a bit more (see how it develops).

For longs from below, 62,800 can be entered with a light position. Below 60,300–59,200, you can normally open longs. ETH is a bit weaker—see whether “the second-largest” can push through and hold hard. Let’s also aim to help the brothers who are stuck in long positions get unstuck and come out of drawdown.

For the larger resistance overhead: 1,775. You can place a light short at 1,730–1,745. For short positions, you can also consider 1,810, 1,840, and 1,880.