Hainan North Analysis: June 16 Morning Analysis and Long/Short Strategies

ETH 15-minute cycle MA5, MA10, and MA30 are all in a bearish alignment, with the price sharply breaking below the three moving averages, which have shifted from support to multiple levels of resistance; after reaching a high of 1848.99, the market oscillated downward, closing with a large bearish candlestick, with bearish momentum continuously expanding, and sufficient downward driving force. The short-term market is extremely weak, with no effective rebound support, and the short position completely dominates the trend.

Short position strategy
Entry range: Rebound between 1785-1790 to enter short positions
Stop loss level: 1799
First take profit target: 1762, second take profit target: 1739

Long position strategy
Entry range: Rebound and stabilize around 1736-1740 to add long positions
Stop loss level: 1728
First take profit target: 1770, second take profit target: 1782

BTC 15-minute moving average system simultaneously forms bearish pressure, with MA5 crossing below MA10 and MA30, and the price operating far below all moving averages; after the previous high of 67270.1 peaked, a continued decline with a large bearish candle volume sell-off, with bullish momentum continuously shrinking. The two markets are fully resonant, and short-term market sentiment is uniformly bearish, with very weak rebound strength.

Short position strategy

Entry range: Rebound between 66100-66160 to establish short positions
Stop loss level: 66300
First take profit target: 65600, second take profit target: 65300

Long position strategy

Entry range: Rebound and stabilize around 65280-65320 to go long
Stop loss level: 65130
First take profit target: 66000, second take profit target: 66140

‼️ The above content is for technical market analysis reference only and does not constitute any investment advice. Cryptocurrency trading is highly volatile and risky. Please control your positions carefully and trade cautiously. $BTC