Cryptocurrency Circle Liying: Is June 14 the bottom reversal for Bitcoin? Don't celebrate too early, there are traps everywhere! Can Ethereum break out of the descending channel? Success or failure hinges on this move! Latest market analysis

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Pionex: Bitcoin Latest Market Analysis on June 14

Article Published on June 14, 2025 - 0:10

The current price of Bitcoin is 105,600. Pionex has observed that there are signs of certain rebound momentum in the current market, especially as the MA7 and MA30 moving averages are close to forming a golden cross. The MACD green bars are beginning to shorten, indicating that the downward momentum may weaken. However, the strength of the rebound should be monitored in relation to trading volume and the subsequent breakthrough of key levels. Therefore, Pionex suggests that those who have already entered the market may consider high selling and low buying around 105,600, while also paying attention to setting stop-loss orders at key support levels. For those who have not yet entered the market, it is advisable to wait for confirmation of a breakthrough at 107,000 or a pullback to support levels around 104,000 before gradually positioning. Once the rebound is established, an increase in volume can serve as a basis for judging the sustainability of resistance levels moving upward.

Today's Reference Points:

  • Long Entry Point: 104,000, Stop Loss: 103,000, Stop Loss: 500 points, Target: 106,500
  • Short Entry Point: 107,000, Stop Loss: 108,000, Stop Loss: 500 points, Target: 105,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,555. The market is showing a trend of oscillating downward, remaining within a descending channel recently. Therefore, Pionex notes that in the short term, a hammer candlestick and a bullish engulfing pattern have appeared in the downward trend, but the subsequent rebound is weak. The short-term resistance levels are concentrated around the MA7 and the 2,600 level. The MACD indicator shows that bears still dominate, and although the green bars are beginning to shorten, indicating a slight weakening of the downward momentum, it has not yet entered a clear reversal phase. Thus, Pionex suggests that if the price rebounds to around 2,600 and fails to break through effectively, one may consider reducing positions or trying a short strategy. If the price pulls back to the 2,500 or 2,312 range and stabilizes, opportunities for low-positioning can be monitored, combined with whether the MACD bars continue to shorten to judge the continuity of the rebound.

Short-term Strategy Reference:

  • Long Entry Point: 2,450, Stop Loss: 2,400, Stop Loss: 30 points, Target: 2,550
  • Short Entry Point: 2,600, Stop Loss: 2,650, Stop Loss: 30 points, Target: 2,500

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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