2024.6.4 Daytime Market Analysis (Forwarding the dynamics of Teacher Chuangjin)

Last night, the release of unfavorable information combined with the selling by market makers, the general trend: BTC will be stronger than ETH in the future.

Today: Opportunities for long positions can still be found today. Ether has support with long wick candles pointing downwards and resistance with long wick candles pointing upwards. The 4-hour chart is mainly bullish. If the bearish news from yesterday is overridden, the price may rise higher today.

Resistance level: 3850, 3930, 70500, 71500 Support level: 3710, 3650, 68500, 67200

Ether today: the current price in the live room is around 3775, additional orders at 3740, 3750, and more at 3740, stop loss at 3715, the first take profit at 3820, 3850, and the second take profit at 3910, 3930

BTC on the day: The daily chart has two golden crosses, and the general direction is to look at 80,000 (referring to the PEPE uptrend, the main idea for BTC is long at low points, with sustained upward momentum. The later it gets in June, the stronger BTC will perform, unless there is a sudden interest rate hike, but the probability is very small).

The live room is currently at 69200, with support at 68700, 68900, and 68700. The 4-hour chart is bearish, watching out for another Long Wick Candle, with a stop loss at 68500 and a take profit at 70200, 70500, and a second take profit at 71200, 71600.

Intraday short-term reference, pay attention to position management, for reference only