Bai Qi & Guan Yu: 6.23 BTC, ETH Midday Latest Trend Forecast Analysis and Operation Strategy

This article is exclusively analyzed by Bai Qi & Guan Yu Yu and represents the exclusive views of Bai Qi & Guan Yu Yu. Due to the time of article publishing, the following opinions and suggestions on BTC, ETH, and various small currencies do not have real-time relevance and are for reference only. The risk is borne by oneself. Please indicate the source when reprinting, and reasonably control the position when trading, avoiding heavy or full position operations. For more currencies and spot strategies, please continue to follow for consultation.

—— BTC ——
Recent review: The recent breakthrough of the support level in the 64500-65000 range has accelerated the downward trend and triggered a weak rebound, reaching resistance near 64500. Those holding long positions can hold on and wait for an upward surge in the rebound.

Recent focus: The upper range is 68400-69200, the middle range is 65850-66150. Pay attention to whether the new bottom range of 6300-63500 can provide effective support.

Structural pattern: As shown in the figure, the support area below has formed a bottom pattern, which may undergo a second test. The candlestick forms a converging triangle within the yellow sloping line 1 and the bottom range.

Attention: The price breaks through the yellow slope line 1 in the chart, follow whether the yellow slope line 1 suppresses effectively. Also, the accelerated uptrend after the breakthrough of the yellow slope line 1.

>>>>>> Trading Idea

① Long: If the 63000-63500 range is retested without breaking below the solid level, go long when a bottom formation signal is given on the 5-minute or 30-minute chart.

② Short order: If the rebound entity in the 68400-69200 range does not break through, a top formation signal is given on the 5-minute or 30-minute chart to go short.

③ Short order: If the rebound entity in the 65850-66150 range does not fall below, short when a bottoming signal is given on the 5-minute or 30-minute chart.

Focus on the accelerating trend of the yellow slope line 1 breaking through and the support in the range of 63000-63500.

—— ETH ——

Recent review: The recent resistance level of 3630-3660 has been effective, and after successfully reaching 3625, it has dropped to the support level of 3480. Both long and short strategy orders have been placed at the positions and have made profits.

Recent focus: the 3630-3660 range above, the 3460-3480 range below. Attention needs to be paid to whether the vicinity of 3660 can serve as effective resistance.

Structure: At present, the bottom structure support can be seen in the 3480-3450 range in the chart, forming a right shoulder shape with the left structure. The previous W double bottom has formed in the 3400-3380 range. If the neckline at 3550 is broken, observe the situation of accelerated upward movement.

Attention: Pay attention to the retest of the price falling back to the 3480-3450 range on the right shoulder, and pay attention to the rebound of the neckline and the accelerated market after breaking the right shoulder.

>>>>>> Trading Idea

① Short order: shorting if the rebound entity in the 3570-3600 range does not break through, and shorting when a top shape signal is given in 5 minutes or 30 minutes.

② Long order: Buy in the 3450-3480 range and go long if it doesn't fall below. Go long when bottom signals appear on the 5-minute or 30-minute chart.

③ Long order: Buy in the 3380-3400 range and go long if it doesn't fall below, or go long when a bottoming pattern signal appears on the 5-minute or 30-minute chart.

Key focus:

1: Is the support in the range of 3450-3480 effective;

2: After the slope line 1 breaks through the upside, whether the resistance level at 3660 above is valid;

3: The price retraced the slope line 2, and tested the rebound in the 3480-3450 range after the break and the acceleration after breaking the right shoulder.

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