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6.18 Zhiming Morning Analysis and Suggestions
The market trend completed in the early morning, with Bitcoin once again falling to a low point of around 103300 and stabilizing, then rebounding to a high point of around 105200. At the same time, ETH also followed the same trend as Bitcoin, dropping to a low point of around 2451 and then rebounding to a high point of around 2542.
Currently, from the perspective of the market, Bitcoin has formed a medium bearish K-line on the daily chart, with a long upper and lower shadow on the body, indicating that the current market is in a wait-and-see mood, slightly leaning towards the strong side. However, overall, it is still biased towards a weak pattern. On the four-hour structure, after a continuous bearish decline, it touched the strong resistance at the 103300 level below and then quickly rebounded upwards.
The critical point is around 105000, the Bollinger Bands are also in a sideways consolidation phase, and the KDJ indicator is running below the 0 axis. In the short term, we can watch whether 103500 can gather strength for a second downward probe. If it fails to break through, the market may still reverse to create a range of highs and lows. The operational suggestion is to buy on dips.
Zhiming Morning Recommendation
Buy near 105000-104500, look at 106000-106500.
Ether around 2520-2500, target near 2560-2580
Opening order: 2515
Stop loss: 2495
Take profit: 2565
Last night it fell quite a bit, today there might be a pullback. If I guess right, I will have money for groceries today. Hopefully, I can make a profit today. The contract taught me the good habit of setting a stop loss when opening an order. Earlier this year, I didn't set a stop loss on an order and lost all the money I accumulated last year. Greed is a bottomless pit. I hope to encourage each other with my sisters.