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#ETH 6.24 ETH BTC market analysis, layout in advance, for the first two weeks of this month, the overall direction is set at 3200, and the market has reached perfectly!
At the beginning of this month, I posted in advance to remind everyone of the general direction to look for short positions. The daily and 3-line charts are bearish, first looking near 3200, and now the weekly chart is also bearish, so now you can look near 3078. The key reminder is the general direction of the trend to come, not just the trend of one or two days. At the beginning of the month, many people have been asking me and studying my posts, knowing that the general direction is directly laid out and secured.
The ETH trend chart is shown in the figure: the trend chart has been downward for four consecutive days, and the trend chart has not changed at present. The overall direction continues to be bearish, and short positions are taken on rallies. By opening the trend chart, the trend of the market can be clearly seen. Currently, the upper resistance level is 3389, and the lower support level is 3264.
The technical indicators of ETH are shown in the chart: the KDJ indicators for the 4-hour and 6-hour periods are all trending downwards, and the MACD indicators are all showing a strong bearish trend. Unless there is a bullish crossover in the next MACD histogram, there is a possibility of a rebound. Currently, all technical indicators are bearish, and combined with the trend chart, it is recommended to sell at high levels. After a significant drop, there may be a period of consolidation or a possible retest of the previous low.
ETH Evening Strategy: short around the rebound of 3320-3330, target 3250, continue to watch for Long Wick Candle around 3238.