6.24 Daily Bitcoin and Ethereum Market Summary

Again a familiar market scenario: during the day, the price fluctuated in a narrow range of 62400-63100. After the US stock market opened in the evening, short sellers increased volume, broke through the 62000 support level, and then directly headed towards 61000. The buying support below was insufficient to resist the offensive trend of the short sellers, and the subsequent volume of short sellers did not decrease either. The continuous bearish trend pushed the price back below the 60000 level, and even broke the previous low to reach the 59000 area again. Ethereum, on the other hand, was accumulating momentum and followed Bitcoin's decline closely. The subsequent short selling volume successfully broke through the 1600 level and hit a new low of 1551.

During the day, we mainly observed the direction of volume. At that time, we also gave the upper pressure range of Bitcoin at 63200-63500 and the lower support range at 62400-62600. Then in the evening, by observing the daytime market trend and seeing that the rebound strength was always weak, we clearly stated our bearish strategy from highs. Although we didn't have many positions in the morning, after the evening market moved, the short orders we placed in advance, including subsequent follow-ups, all stopped profit and took profits. Currently, we still hold short orders, which are in floating profit, ready to exit at any time. Greed easily leads to buying highs, fear easily leads to selling at a loss. Learn to control desires and accept losses to survive long-term in the market.$BTC #0成本拿2股SK海力士 $ETH