Only with a calm mind can one achieve great things. Investing is only for making money, everything else is just empty talk. Making money is the only way. Hello everyone, I am Jinrui from the cryptocurrency circle!
【Current Important Fundamentals】
Status of Solana (SOL) ETF Application
Is it positive for the entire cryptocurrency market?
If Biden is elected, it is almost impossible to achieve.
US Election (Trump vs. Biden)
- If Trump is elected, it may have a positive impact on the entire cryptocurrency market.
Impact of US Interest Rate Expectations and Timing
- Impact on risk assets due to declining inflation.
Please pay attention to these three points.
【BTC Daily Chart】
The blue area from $58,000 to $57,000 is currently very important, as it is also the neckline of the double top. If this area is clearly broken, one should be cautious of a drop of over $1,500.
If Bitcoin can maintain its current price, Jinrui expects a rise to fill the deviation of the 25EMA.
Subsequently, it will test the 25EMA to see if it can break through. If it forms a rising pattern similar to a double bottom, Jinrui expects Bitcoin to rise to $70,000.
If a large double top pattern forms on the daily chart, one should be cautious of a drop to the previous low of $60,000.
It is also a strategy to position long orders at the mid-term level near $58,000 and $56,400 (the recent low point).
- Because there are a large number of buy orders near $59,000.
【BTC 4-Hour Chart】
The current red trend line is acting as resistance, so it is advantageous to go short before the price breaks through. The 25EMA, red trend line, and red area (near 50EMA) are three important focus points.
First, it is important to see if the resistance range above can be broken through, if the double top pattern is invalidated and the price rises. There may be a significant increase afterwards, so this is also worth Jinrui's attention.
【1-Hour Chart】
~June 30th Ultra-Short-Term Entry Points~
If it falls below around $60,600, it can be advantageous to go short with the trend.
Stop-loss: $61,000
Target price: $60,000 to $59,000
Go long near $61,000-$61,200
Stop-loss: $60,800
Target price: $62,000
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I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading or experiencing long-term losses and being trapped in trades, you can follow my public account (Jinrui in the cryptocurrency circle). Investment involves risks, so be cautious when entering the market. The daily market situation is full of twists and turns, and all I can do is to use my years of practical experience to help everyone make the right investment decisions and manage operations in the right direction.
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