Wednesday, June 24th Market Analysis


Yesterday, the Asia-European session continued to decline due to stock market drag, and the US session failed to break below 61,900, with low-level oscillations closing below 63,000. The market was under pressure and weak, with 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, and market sentiment was only mildly eased.
The Bank of Japan released a hawkish rate hike signal, and the Federal Reserve's probability of a rate hike in July is 34.2%.
Dual negative factors suppressed 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.
Trading strategy mainly focuses on shorting from high levels.
Yesterday's short positions were held, and positions are to be maintained; if no position is held, follow the trend directly.
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.
BTC1.03%
ETH1.79%
View Original
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