6.29 Big Brother and Second Brother Early Morning


Technically, the 1-hour cycle continues to operate in a downward channel, with highs gradually moving lower. The current price of 597 is under pressure from all short-term moving averages; short-term resistance at 610 and 620, first support at 595, strong support at 583. Overall, bears dominate, with a volatile downtrend.

The MACD red bars continue to narrow and are about to turn green. Short-term bullish momentum is exhausted, bearish energy is increasing; KDJ only has a slight need for correction, the medium-term downtrend remains unchanged. During the day, the decline was accompanied by volume, capital outflow, and no volume on rebounds, making the weak pattern clear.

The operation should mainly follow the trend to short. The highs are constantly moving lower, and the MACD is turning weaker. The bearish idea remains unchanged.

Big Brother rebound pressured at 61000-62000, short, target 59500, 58300, if broken, target 56000, 53500

Second Brother rebound pressured at 1610, 1660, short, target 1555, 1510, if broken, target 1450, 1400
$BTC $ETH
BTC-1.69%
ETH-1.31%
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