North China analysis: Explanation of the midday market on 6.22 and long/short position arrangements

ETH 15-minute cycle MA5, MA10, and MA30 lines are in a bullish arrangement, with short, medium, and long-term moving averages moving upward in sync, supporting the price; the market bottomed at 1700.62 with a large bullish candle, violently surged to reach a high of 1758.76, closing with a long upper shadow and facing resistance, then entered a high-level narrow-range consolidation, with increasing volume during the rise and shrinking volume during the pullback; MACD remains above the zero line, but the red bars gradually narrow, indicating diminishing bullish momentum, with strong selling pressure at previous highs and solid support formed by dense moving average zones below, short-term entering a consolidation pattern without a clear trend.

ETH short positions
Entry zone: Short positions entered during rebound at 1746-1750
Stop loss: 1761
First take profit target: 1735, second take profit target: 1728

ETH long positions
Entry zone: Enter light long positions during a rebound and stabilization at 1730-1733
Stop loss: 1724
First take profit target: 1746, second take profit target: 1756

BTC 15-minute MA5, MA10, and MA30 lines are diverging upward in sync, with a complete bullish moving average structure; the trend highly resonates with ETH, bottoming at 63231.8 and surging sharply to 64843.2 before pulling back, showing better resilience than ETH throughout, with smaller retracement; decreasing volume during decline, increasing volume during rebound, MACD red bars continuously shortening, clearly showing short-term high-level oscillation and shakeout characteristics, with support at 64000 combined with MA30, and previous highs exerting strong resistance above, no reversal or shorting signals in the short term.

BTC short positions
Entry zone: Short positions entered during rebound at 64480-64550
Stop loss: 64900
First take profit target: 64120, second take profit target: 63980

BTC long positions
Entry zone: Enter light long positions during support at 64040-64090
Stop loss: 63920
First take profit target: 64480, second take profit target: 64800

‼️ The above content is for technical analysis reference only and does not constitute any investment advice. Cryptocurrency trading is highly volatile and risky. Please control your positions carefully and trade cautiously. $BTC