Wednesday, June 24th Market Analysis


Yesterday, the Asian and European markets continued to decline due to the drag from the stock markets, and the US market failed to break below 61,900, closing below 63,000 after a low-volatility oscillation, with the market under pressure and weak, and the daily chart closing as a large bearish candle.
This morning, the Korean stock market opened 1.9% higher, while the Nikkei closed slightly lower, with limited market sentiment easing.
The Bank of Japan released hawkish rate hike signals, and the Federal Reserve's probability of a rate hike in July is 34.2%.
The dual negative factors suppress the rebound space, and the overall long-term bearish trend remains dominant.
Early in the session, a slight rebound was weak, with short-term resistance at 63,500 and support at 60,800.
The trading strategy is mainly to go short at higher levels.
Yesterday, holding short positions, continue to hold the position; if no position, follow along.
BTC trading advice: Short at 62,800-63,200, add positions at 63,800, take profit at 62,200-61,300, stop loss at 64,500.
ETH trading advice: Short around 1,670, stop loss at 1,700, take profit at 1,650-1,600.
BTC-2.96%
ETH-2.87%
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