0 O'clock Market Analysis (June 21)



Current price 63,959, located in the high zone of the H1 box at 77.3%, with box resistance at 64,458 and support at 62,219; the 4H major trend is neutral, H1 shows a weak bullish trend, trend strength is only 31.9%, bullish momentum is exhausted, RSI/MACD are turning downward, rebound volume is decreasing while volume is increasing, short-term oscillation and decline are dominant, the upward pressure at 64,458 is difficult to break through.
Operation plan for the subsequent short position at 64,050

1. Tiered profit-taking
1) First take profit at 63,340 (middle line of the box): reduce 50% of the position, lock in half of the profit
2) Second take profit at 62,900 (concentrated support of moving averages): reduce another 30%
3) Core position at 62,220 (bottom support of the box), exit completely upon touch
2. Stop-loss setting
Defensive stop-loss: 64,480 (upper boundary of the box resistance), if the price breaks above with volume, close all positions immediately to avoid rebound losses.
3. Two market response strategies
1) Continuous decline: take profit in stages according to levels, do not close all positions prematurely, hold the core position to gamble on the lower boundary
2) Rebound pullback: if rebound stalls at 64,200-64,458, consider small additional short positions, with a unified stop-loss above 64,480
4. Risk control reminder
The current trend is relatively weak, do not hold large positions; if volume breaks above 64,480, the weak bullish structure is restored, the short position idea is invalid, exit immediately without adding positions to dilute risk.

Risk reminder: Virtual currency contract risks are extremely high, the content is for technical speculation only and does not constitute investment advice.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned