North Sea Analysis: Explanation of the June 22 Midday Market and Long/Short Position Layout

ETH 15-minute cycle MA5, MA10, and MA30 lines are arranged in a bullish order, with short, medium, and long-term moving averages moving upward in sync to lift the price; the market bottomed at 1700.62 with a large bullish candle, violently surged to reach a high of 1758.76, and faced resistance with a long upper shadow candle. Subsequently, it entered a high-level narrow-range consolidation, with increasing volume during the rally and shrinking volume during the pullback; MACD remains above the zero line, but the red bars gradually narrow, indicating diminishing bullish momentum. There is strong selling pressure at the previous high, while a dense zone of moving averages below forms solid support. In the short term, the market is in a consolidation pattern without a clear directional trend.

ETH Short Positions
Entry Range: Short positions entered during the rebound at 1746-1750
Stop Loss: 1761
First Take Profit Target: 1735, Second Take Profit Target: 1728

ETH Long Positions
Entry Range: Light long positions established during a rebound and stabilization at 1730-1733
Stop Loss: 1724
First Take Profit Target: 1746, Second Take Profit Target: 1756

BTC 15-minute MA5, MA10, and MA30 lines are diverging upward in sync, with a complete bullish moving average structure; the trend highly resonates with ETH. After bottoming at 63231.8, it surged sharply to 64843.2, facing resistance and pulling back. Throughout, BTC showed better resilience than ETH, with smaller retracement. Volume shrank during the decline, increased during rebounds, MACD red bars continued to shorten, indicating obvious short-term high-level oscillation and shakeout. The support at 64000 combined with MA30 forms a solid support zone, while previous high points exert strong resistance. No reversal or shorting signals are present in the short term.

BTC Short Positions
Entry Range: Short positions during the rebound at 64480-64550
Stop Loss: 64900
First Take Profit Target: 64120, Second Take Profit Target: 63980

BTC Long Positions
Entry Range: Light long positions during a support rebound at 64040-64090
Stop Loss: 63920
First Take Profit Target: 64480, Second Take Profit Target: 64800

‼️ 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