Yueying: Bitcoin and Ethereum Market Analysis for June 25 - Support Shifts Downward, Can the Daily Lower Track Hold? Let's see today's sharing!

Bitcoin Technical Analysis————

In the previous analysis, Bitcoin's short position was slightly off, but the idea was correct. On the daily chart, the previous candle closed bearish, touched the 62000 area, then rebounded slightly. At the open of the day, it tested the 7-period MA again but encountered resistance and weakened downward. The Bollinger Bands are slightly opening downward, with short-term moving averages aligning downward. The MACD fast and slow lines are turning downward with shrinking histogram volume. The KDJ is extending downward; pay attention to support near the 0 value. The VR indicator is consolidating around 30. On the 4-hour chart, although the price rebounded, the trend remains weak. A large bearish candle has hit a new low, currently trading below the lower track around 60800. The Bollinger Bands are opening downward, short-term moving averages are down, the MACD fast and slow lines are turning downward with increasing histogram volume, the KDJ crossed up then turned down again, pay attention to support near the 0 value. The VR indicator is consolidating around 80. Overall, the market pulled back as expected, currently testing the support area. If it breaks, there will be accelerated moves. Now you can try a long order at the support level; if it breaks below 60000, do not participate. Focus on the resistance around 63000 above. Short-term suggestion:

Bitcoin Short-term Suggestion: Go long at 60850, short at 62500 (Activate the strategy and take profits at your own discretion)

Ethereum Technical Analysis————

The short position at 1688 given above for Ethereum has accurately resulted in a move of over 50 points. Last night, the price encountered resistance around 1700 and then quickly dropped in a large bearish candle to near the previous low. The move was in line with expectations. Currently, continue to monitor the low area. For the daily and 4-hour charts, the overall technical approach can be referenced from Bitcoin. Focus on short-term resistance around 1720 and support around 1580. Continue using the same strategy once, and adjust if it breaks. Short-term suggestion.

Ethereum Short-term Suggestion: Go long at 1590, short at 1688 (Activate the strategy and take profits at your own discretion)

— I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn together with me! Exchange ideas and profit together! $BTC ‌#以太坊基金会重组降本 #Gate股票7x24小时交易