Haidian Analysis: Market Analysis and Long/Short Strategies for the Evening of June 17

ETH 15-minute cycle MA5 and MA10 are both below MA30, with a complete bearish alignment of three lines, and the price continues to be pressured below all moving averages; intraday, after reaching a high of 1809.64 with a long upper shadow, it steadily declines, with a large bearish candlestick at the close quickly dropping to refresh the low of 1742.15. During the decline, bearish volume sharply increases, while small rebounds are characterized by bullish candles with decreasing volume; MACD has turned downward from a high level, with the green bars lengthening, indicating that bullish momentum is completely exhausted. Short-term moving averages are layered to suppress the price, making the short-term bearish trend very strong, with significant selling pressure on rebounds.

ETH Short Position Strategy

Entry Range: Short positions entered during rebounds at 1758-1763
Stop Loss: 1777
First Take Profit Target: 1745, Second Take Profit Target: 1736

ETH Long Position Strategy

Entry Range: Light long positions on stabilization during pullbacks at 1740-1743
Stop Loss: 1734
First Take Profit Target: 1756, Second Take Profit Target: 1766

BTC 15-minute moving average structure is fully synchronized with ETH, with MA5 crossing below MA10 and MA30, and the price remains under all three moving averages, under pressure; early in the session, after reaching a high of 66227.7, it began a continuous decline, with a low of 64532.1, and closed with a bearish candle, weakening. The decline volume increased, and volume decreased during recovery; MACD also turned bearish downward. BTC and ETH are highly resonant in market movement, with BTC’s volatility rhythm fully following Ethereum. Overall market sentiment is strongly bearish, with only minor oversold corrections in the short term, and no reversal signals have appeared.

BTC Short Position Strategy

Entry Range: Short positions during rebounds at 64700-64760
Stop Loss: 65180
First Take Profit Target: 64520, Second Take Profit Target: 64350

BTC Long Position Strategy

Entry Range: Light long positions on support during pullbacks at 64480-64540
Stop Loss: 64330
First Take Profit Target: 64740, Second Take Profit Target: 64950

‼️ 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 sizes and trade cautiously. $BTC