June 22 Cryptocurrency Market Analysis


【U.S. Stocks】
Tonight, U.S. stocks open. Last Thursday, the market dipped, and the micro-strategy company's stock rebounded at the end of the decline. Friday was a day off, and today’s opening suggests continued downward risk with potential for a sell-off. Every dip should be watched for signs of reversal after breaking lows.
【BTC Bottom-Fishing Trilogy】Bottom oscillation waiting for a false breakdown
The upward movement of ETH and BTC has become more apparent. Once a bottom is reached, Brother Gan recommends going long on ETH.

Conclusion【Low Volatility Oscillation】
Strategy: ✅ Coin price repeatedly oscillates ✅
1️⃣ Major Market 【BTC ETH】 Current key support levels:
【BTC】 Short (hold bottom position and continue to wait)
Open position: around 64,727, 65,318 resistance
Stop loss: 66,000
Take profit: 60,000
【ETH】 Short (hold bottom position and continue to wait)
Open position: around 1,758, 1,797 resistance
Stop loss: 1,805
Take profit: 1,600

【BTC】【ETH】 Weekly charts are not performing well. From Friday to Sunday, there was an upward push, but the weekly candle closed as a bearish candle. Continue to wait for a breakdown below lows. Both daily and weekly levels show weak performance compared to the overall trend. Still, Brother Gan maintains the view to wait for the final drop before going long again.

If this helps you, please give Brother Gan a like 👍 and follow.
All opinions are personal views only.
Not investment advice. DYOR.
BTC-0.45%
ETH-0.12%
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