Haidong Analysis: 6.18 Evening Analysis and Long/Short Strategies

ETH 15-minute cycle MA5 and MA10 are both operating below MA30. The three lines form a bearish alignment, and the current price is under all moving averages. In the earlier rally, it surged and then pulled back, forming a step-like downward trend. Near the end of the session, it closed with a solid bearish candle and rapidly sold off, with the lowest price touching 1721.39. During the decline, bearish volume clearly expanded. After a small rebound, bullish candle volume continued to shrink. The MACD’s two lines bend downward; the green histogram gradually expands. Bullish momentum is fading, and short-term moving averages are suppressing the price layer by layer. The short-term bearish trend is dominant, and every rebound is accompanied by heavy sell pressure.

ETH Short Position Strategy

Entry Range: Enter short positions in the 1740-1745 rebound range
Stop Loss: 1750
First Take Profit Target: 1728, Second Take Profit Target: 1722

ETH Long Position Strategy

Entry Range: Enter long positions on a pullback to 1722-1726 after stabilization, with a light position size
Stop Loss: 1718
First Take Profit Target: 1735, Second Take Profit Target: 1742

BTC The 15-minute moving average structure is moving in sync with ETH and turning bearish: MA5 has crossed below MA10 and MA30, and the price remains under all three moving averages throughout. After the morning rally to the 65359 high, it continued to oscillate and move downward. Near the close, it also saw increased volume with a bearish candle probing the low at 63673. With the sell-off seeing rising volume and only minor repair that lacked incremental capital to absorb, the MACD fell in sync and turned green. BTC and ETH are highly correlated on the order book, and the overall market has a strong bearish sentiment. At present, there is only a short-term oversold rebound and minor recovery; a clear reversal signal has not appeared.

BTC Short Position Strategy

Entry Range: Enter short positions by staging trades in the 64050-64120 rebound range
Stop Loss: 64230
First Take Profit Target: 63820, Second Take Profit Target: 63700

BTC Long Position Strategy

Entry Range: Enter long positions lightly after a pullback to 63690-63750 where support stabilizes
Stop Loss: 63600
First Take Profit Target: 63960, Second Take Profit Target: 64080

‼️ The above content is for technical analysis reference only and does not constitute any investment advice. Cryptocurrency trading has high volatility and extremely high risk. Please manage your position size yourself and trade cautiously. $ETH