Israel frequently violates ceasefire agreements, and funds continue to flow out—be cautious and short! 6.18 Bitcoin and Ethereum’s outlook

On the 19th, artillery units once again attacked the Rakhbe district of Nabaytiyah city in southern Lebanon. Witnesses on the scene said that Hezbollah and the Israeli forces are engaged in fierce clashes on multiple fronts in southern Lebanon. Hezbollah has reportedly destroyed at least five military vehicles. It is also said that four Israeli helicopters were dispatched to airlift the wounded from the area. Due to Israel’s frequent violations of the ceasefire agreement, both the US and Iran announced a temporary suspension of their trip to Switzerland; however, both the US and Iran have loosened the blockade of the Strait of Hormuz, allowing cargo ships to pass freely within 60 days. Yesterday, some long-position stop-loss levels were unfortunately hit; but looking ahead, shorting crude oil in the near term matches expectations!

The daily chart shows Bitcoin and Ethereum with three consecutive bearish candles. The price has fallen below the 5-day moving average and closed below it. The KDJ three lines have a dead cross and diverge downward. The MACD two lines move upward, volume is shrinking, and bulls and bears are in a tug-of-war—mainly because there is no capital inflow, so the bulls lack strength. Conan believes long positions should still be held/laid in; a wave of bullish breakout is absolutely coming soon. Bitcoin will probe 70,000, and Ethereum will touch 2,000!

6.19 Long-position ideas:

Bitcoin: go long at 62,500–63,000; defend around 61,000; targets at 64,000–65,000–66,000. If broken, look at 67,000–68,000–69,000. Continue adjusting/moving the stop-loss—keep an eye on follow-up conditions!

Ethereum: go long at the current 1,660–1,700; defend around 1,600; targets at 1,750–1,800–1,850. If broken, look at 1,900–1,950–2,000. Continue adjusting/moving the stop-loss—keep an eye on follow-up conditions!

6.19 Short-position ideas:

Bitcoin: on a rebound to 66,500–67,000, try shorting once; defend at 67,500; targets at 65,500–65,000–64,000. If broken, move the stop-loss accordingly—keep an eye on follow-up conditions!

Ethereum: short on a rebound at 1,830–1,850; defend at 1,880; targets at 1,780–1,750–1,730. If broken, move the stop-loss accordingly—keep an eye on follow-up conditions!

In a bear market, funds continue to flow out. Only MicroStrategy keeps buying, but the inflow speed is far less than the outflow speed. The necessary conditions for a bullish breakout are not met yet—wait patiently!#PredictWorldCup🇧🇷vs🇭🇹