June 24 Market Analysis


Resistance Levels (Upper Resistance)
● 63,000 - 63,200: The first hurdle for a short-term rebound.
● 64,250: SAR indicator resistance point, strong short-term pressure.
● 64,800: SuperTrend trend line position, a trend reversal is only confirmed if broken here.

Support Levels (Lower Defense)
● 61,883: The low point of the previous few candlesticks, currently the short-term bottom.
● 61,009: Lower band of the Bollinger Bands, if the previous low is broken, it’s likely to find support here.
● 60,000: Psychological milestone at an integer level.

One sentence summary:
The current price is hovering around the middle (near 62,600), RSI is relatively low and somewhat oversold, and in the short term, there might be a slight rebound trying to reach 63,000, but overall, it’s still being pushed below 64,000. Don’t be too aggressive in chasing longs before breaking and stabilizing above 63,000.
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