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Analysis of Night Trends on June 22
Market Review and Current Situation
- The analysis of No. 1 mentioned that if it breaks below 1006 this month, it will initiate a deep pullback. The first target is 993, which is near the third support level mentioned earlier today. However, just now the market experienced a wave of decline, dropping to around 990. Although it has been over 20 days, the market still fell as expected, just with a deviation of 300, which I apologize for.
- Currently, Bitcoin has stabilized at this position, but the decline has not stopped, and there are still many unknown factors. This is also the reason why I warned everyone about the risks a few days ago. Pay close attention to the strength of the rebound at night. If the war continues, the market may continue to decline. Once the 990 position is lost, we need to pay attention to the area around 935.
BTC
Key support and rebound conditions: The rebound of Bitcoin at night needs to focus on the position of 101200. Only when the price stabilizes above this position and maintains for 1-2 hours can the rebound be confirmed.
Resistance levels above: Pay attention to the resistance levels near 102755, 103940, and 105065.
If it cannot stand above the position of 101200 at night, it indicates insufficient rebound strength. At this time, pay attention to the previous low at 99025. If it does not break below, there is still hope for a rebound in the smaller time frame; if it breaks below, support levels to watch are near 98000, 96850, and 95800.
Ethereum
Key rebound position: Ethereum's night rebound needs to focus on the position of 2225. Only by stabilizing above this position can the 1-hour level confirm the start of the rebound.
Resistance levels above: Pay attention to the resistance levels near 2280, 2315, and 2353.
If it cannot stay above the position of 2225 at night, it indicates that the rebound strength is insufficient. At this time, pay attention to the previous low of 2155. If it does not break below, the smaller timeframe still has a chance for a rebound; if it breaks below, the support levels to watch are around 2112, 2073, and 2036.
SOL
Key rebound position: The night rebound of SOL needs to focus on the position of 130. Only by stabilizing above this position can the 1-hour level confirm the start of the rebound.
Resistance levels above: Pay attention to the resistance levels near 132.8, 136.3, and 140.
If it cannot stand above the position of 130 at night, it indicates insufficient rebound strength. At this time, first pay attention to the previous low at 126.5. If it does not break below, the smaller market may still rebound; if it breaks below, the support levels to watch are around 123, 120, and 117.