Cryptocurrency Circle Minghui: 5.7 Ethereum (ETH) today's latest market analysis reference, including Bitcoin operation reference ideas.

CN
14 hours ago

The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses stem from locking positions, holding onto trades, and not using stop-losses. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong orders, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered points can be entered. Aggressive points leave traders in a dilemma, either catching the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable points allow for profitable exits or graceful withdrawals.

6.21 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Reference

Although Ethereum continued its upward trend yesterday, it did not break through further afterward. From evening to early morning, the price continuously retraced downwards, even dropping below the 2400 mark during the day, completely reversing yesterday's gains. There are signs of a reversal and decline, so it is not advisable to blindly chase long positions today; be cautious of price pressure leading to further declines.

On the short-term hourly chart, the Bollinger Bands are in an opening posture, with the price in the middle-lower track area. The price is under pressure near the daily middle track. The trend is weak today, and if the rebound does not break the upper resistance at 2500, once the short-term support at 2400 is not held, there is a possibility of further downward movement. Please prepare in advance. The short-term trend remains weak, so we think the rebound will be primarily short. The upper resistance is around 2510, and the lower support to watch is 2350 and 2270.

6.21 Short-term Strategy Reference for Ethereum:

  • Long suggestion: 2535-2490, defend at 2650, stop-loss 30 points, target below 2450.
  • Short suggestion: 2270-2330, defend at 2400, stop-loss 30 points, target around 2620.

6.21 Short-term Strategy Reference for Bitcoin:

  • Long suggestion: 105000-104000, defend at 107500, stop-loss 500 points, target below 103500.
  • Short suggestion: 101000-102000, defend at 99750, stop-loss 500 points, target above 103000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, emphasize risk control; no matter how confident you are in your future market judgment, always set your take-profit and stop-loss! If you need analysis on other cryptocurrencies, feel free to comment or message privately. If you like this, please give it a thumbs up and support!

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