June 23 BTC/ETH Market Morning Report -- The biggest trap has yet to trigger, beware of black swan attacks!



Yesterday, BTC surged to around 65,600 and then quickly dropped to about 63,800, just hitting the take-profit target for short positions around 65,600 in the evening. Ethereum's short position at around 1,780 yesterday also reached about 1,716. As always, reaching the target means reducing positions before re-entering the game. The market rebounded slightly this morning. Once again, I advise everyone not to blindly chase the rally. The biggest risk now is that the Federal Reserve's rate hike has not yet triggered, and the market could suddenly plunge at any time. It is recommended to continue with light positions and mainly shorting.

Bitcoin touched the 21-day moving average at around 65,500 yesterday and faced resistance, then pulled back. The moving averages above are arranged in a bearish pattern, with strong bearish momentum. Currently, the chart shows a downward bear flag pattern, and the price has broken below the bear flag bottom, then rebounded to confirm. Blindly bottom-fishing now only fuels the short side. The RSI indicator on the chart is turning downward and spreading out, the KDJ has formed a death cross heading downward, the MACD green energy bars are shrinking toward zero, and the price has broken through the middle Bollinger Band, which is a short-term resistance level. The upper Ichimoku cloud conversion line is around 64,700, acting as resistance. Based on all these factors, I suggest mainly light short positions!

Bitcoin: Watch for resistance around 64,700–65,600, with targets at support levels near 63,900–63,000–62,500–60,000.

Ethereum: Resistance around 1,740–1,780, with targets at support levels near 1,700–1,680–1,635–1,600–1,510.

Note: Given the current geopolitical turmoil, participate cautiously with light positions. Once targets are reached, take profits in batches before re-entering the market. We are still in a critical time zone, so proceed carefully! The above entry and exit points may vary: Bitcoin ±100 points, Ethereum ±5 points. These are solely my personal opinions for reference; profit and loss are at your own risk!

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USD10.01%
SOL-0.36%
ETH-0.85%
GT-1.04%
BTC-2.13%
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JiangfengCapital
· 06-23 05:40
Just charge forward 👊
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JiangfengCapital
· 06-23 05:40
Just charge forward 👊
View OriginalReply0
JiangfengCapital
· 06-23 05:40
Just charge forward 👊
View OriginalReply0