June 26 BTC/ETH Morning Market Report: A big single-sided move is coming, $55K or $45K?

Bitcoin plunged to around $58,000 yesterday, with new lows constantly emerging. Jiang Feng's track record, on the other hand, continues to hit new highs, soaring all the way from short positions. Yesterday's short at $61,600 hit the third target, patiently waiting to test the next target. Ethereum's short from 1639 to 1666 hit the third target at 1510, waiting to test the next target at 1440. Still blindly trying to bottom-fish? The bottom-fishing opportunity hasn't arrived yet; further decline is needed. The view remains unchanged, continue shorting on rebounds.

Currently, the attached indicators are all severely oversold. Blindly chasing shorts is not recommended. Patiently wait for the price to rebound to resistance levels before arranging short positions. The daily level has already seen four consecutive bearish candles, breaking below the lower Bollinger Band. RSI shows an oversold signal, MACD energy bars are below the zero axis, and the fast and slow lines have formed a bearish crossover. In summary, it is recommended to continue shorting on rebounds!

Bitcoin:
Pay attention to resistance around 60k ~ 60,500 ~ 61,200, support below around 58,000 ~ 56,500 ~ 55,500 ~ 53,000

Ethereum:
Pay attention to resistance around 1,585 ~ 1,600 ~ 1,620, support below around 1,510 ~ 1,488 ~ 1,450 ~ 1,435,

Set a controllable stop, wait for the key level to appear, then trade once more. If the direction is right, hold for the long term; if wrong, admit the mistake and exit in time!

Do you think Bitcoin will go to $55K today?

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