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6.24 Tuesday evening thoughts
From the current market perspective, the Bollinger Bands on the four-hour level are continuously narrowing, indicating that a breakout is imminent. The MACD double lines are converging below the zero axis, with the momentum bars decreasing in volume, making the short-term direction unclear. The RSI is currently in the neutral zone, with no overbought or oversold pressure. Be wary of the demand for a rebound after excessive decline. In terms of operations, the strategy is to look for low absorption, focusing on support and resistance levels, and if the breakout direction stabilizes above 104800, watch for that.
If it falls below 104300, go short. If the rebound fails, change your strategy.
Tuesday Evening Thoughts:
Bitcoin stabilizes around 104500, can buy more, target 106500.
You can go long near 2380 for Ethereum, with a target focus on 2480. #BTC