Heibei Analysis: 6.16 Evening Analysis and Bull-Bear Strategies

ETH 15-minute cycle MA5, MA10, MA30 previously in a bullish arrangement, surged to a high of 1839.50 and closed with a long upper shadow candlestick, then the price quickly fell back; the price fell below all short-term moving averages, turning support into layered resistance above; during the surge, volume increased, and during the pullback, the bearish momentum gradually expanded, MACD at a high level turned downward, and the red histogram rapidly shortened, indicating a significant loss of bullish momentum. There is strong selling pressure above 1840, the short-term trend weakens, rebounds face clear resistance, and bears dominate in the short term.

Short position strategy
Entry zone: Short positions entered during the rebound at 1810-1825
Stop loss: 1845
First take profit target: 1792, second take profit target: 1775

Long position strategy
Entry zone: Rebound and stabilize at 1772-1778 before adding long positions
Stop loss: 1755
First take profit target: 1795, second take profit target: 1818

BTC 15-minute moving averages show synchronized signs of weakening bullish momentum, MA5 crosses below MA10, and the price drops below MA30 support; the previous high of 66,994.9 surged with a volume spike and a long upper shadow, then continued to fluctuate downward with a bearish trend, volume increased on the closing red candlestick, MACD shows divergence at the top, bullish volume continues to shrink, BTC and ETH charts are highly synchronized, the market short-term bullish support is insufficient, small rebounds face selling pressure, and overall bearish sentiment is rising.

Short position strategy
Entry zone: Rebound at 66,380-66,520 for short positions
Stop loss: 67,050
First take profit target: 66,050, second take profit target: 65,780

Long position strategy
Entry zone: Rebound and stabilize at 65,680-65,750 support before going long
Stop loss: 65,580
First take profit target: 66,080, second take profit target: 66,450

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