Observation of the market trend（

The short-term pullback of BTC is not supported by volume, and the downward trend itself is also relatively weak. The price is declining slowly, and the MA30 and MA60 have already crossed upwards [golden cross], but it is more likely to form a dense trading area.
The rebound and rise trend of the 2-hour cycle has started to weaken in strength, and the previous downward deviation has been repaired. Soon, MACD will turn around. The short-term resistance near 62400 is being tested, but the breakthrough has failed.
There is still a part of the deviation in the 4-hour cycle that has not been fully repaired, and the strength of the rebound and upward trend is weakening at this time, but the trading volume in the market is relatively low.
The deviation of the 6-hour cycle is still relatively large, and it has not been fully repaired, so the rebound will continue in the next step. The current rebound pump trend is still in the early stage of development. The volume of shorts in the intraday is relatively small, but it is also shorts volume.
The deviation of the 12-hour cycle has not yet begun to be repaired, and the current downward trend is still weakening, so the current market trend is not synchronized. The short-term pullbacks are also preparing for the upcoming medium-term rebound. [2024年6月26日18:29:54] So everyone's short position should not be held for too long, it must be resolved tonight. Whether it meets expectations or not.
From the perspective of the mid-term market, there is not much deviation at the moment, but the strength of the downward trend is also weakening. In the definition of the trend, the current market lacks confirmation of a rebound.
In the mid-term market of ETH, the strength of the downtrend is beginning to weaken, and there is nothing evident at the daily level, only the obvious downward turn of the MA30 moving average can be observed.
The 12-hour cycle did not reach a new high on the 16th, but instead turned into a rebound trend, forming a secondary high, followed by a double top. As the current downtrend weakens in intensity, the next phase will be a rebound trend, with recent resistance around 3500.
The rebound trend of the 6-hour cycle has no strength and is relatively weak. The current market is dominated by short trades, but the trading volume is relatively low. However, the deviation in the market has not been effectively repaired.
The trend on the 1-hour timeframe has risen quite a lot. Currently, it is undergoing a pullback and downward trend. The nearest short-term support is around 3340. If this level is not broken [most likely it won't be], then it will enter a medium-term rebound and rise.
Conclusion: BTC is starting to enter a pullback phase in the short term. The important support is around 60700. If this level is not broken, the trend will enter a medium-term rebound phase. The pressure is around 64200.
If the stop-loss was triggered by the planned order placed yesterday, with ETH at 3345, we will look to re-enter the long position after observing the strength of the short-term pullback trend after the weakening of the MACD.
BTC is the same, the recent support is around 60700, stop loss is at 60500, the same, scan and then enter [MACD weakening] again.
The next few hours within the short term direction will be downwards, but after the weakening of MACD, the direction will be upwards in the following days.
The entry position for ETH long order is still at 3400, with a stop loss at 3345 [can also be set at 3340]. The entry position for BTC long order is at 61700, with a stop loss at 60500. Plan a commission [June 26, 2024, 20:44:45]. If the orders are not executed by tomorrow evening, you can choose to reduce position or cancel the orders directly.
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Small Currency Observation
Chatting
Regarding the trading philosophy, do not hold positions. Place a stop loss order when opening a position, as it is impossible to win every time. Follow the risk-reward ratio of 3:1.
Regarding chasing rising prices and selling with bearish market, there are many logical and conditional restrictions. There may still be opportunities to chase rising prices, but never sell with bearish market. It's okay to miss out, because the rebound will be very powerful. - Personal opinion.
50% probability, don't even touch. Our entry, at least must exceed 65% probability, otherwise don't touch.
Wif [墨殇], there is an obvious upward breakthrough of short-term pressure in the short term, and there is also a demand for pullback after rising long. The recent short-term support is around 1.9, so when the pullback meets the repair conditions in the future, look for opportunities to enter long positions. There is still a demand for rebound in the medium term, and a large amount of high point pressure is around 2.3. What needs attention now is the 2-hour cycle market because there is a demand for pullback after rising long, and the recent support is also around 1.9. Therefore, as long as 1.9 is not broken, under the premise of weakening MACD, find the 2B structure and enter long positions. √
Etc [Piao Hong Tian Xia], long-term support is around 19, now running a downward pullback swing trading. Medium-term entering the rebound pump wave, the recent resistance is around 24, with a high probability of successful breakthrough, then the next resistance is around 25.4. So, spot will be trapped for a while. If this rebound does not reduce position, then you can directly hold it for the bull market. After all, it is a mainstream token. It won't take much time. There is an interest rate cut expectation in November. √
Not short order [go up the mountain to catch the fox], the strength of the mid-term decline trend is weakening, and there is a breakthrough action in the short-term 1-hour market, two pressures, after the pressure breakthrough becomes support, so the recent profit target is around 1.53.
Bch382 long, 353 short [Effort, earn money and run], the short-term support is near 371, not touched, and the deviation of the 2-hour period has been repaired. Next, as the strength of the short-term pullback weakens, it will start to enter a short-term pump trend, with the recent pressure near 390. √
Mew【Fruit has faith】, the mid-term is about to enter the rebound stage quickly, but the current trend is not synchronized. The strength of the pullback trend in the 2-hour period is still increasing. The intraday trading volume is mainly dominated by shorts, but the trading volume is not large. The recent short-term support is around 0.00383. If it is not broken, the subsequent direction will continue to move upward. √
Shib, spot at an average price of 17 [No question 121], there is no need to hurry for spot, although Shib itself is a scamcoin, the popularity has not decreased much. The next long-term support is around 0.0(5)96. If it falls to this level and cannot fall any further, then consider margin replenishment. √