Last night at dawn BTC began another bottoming action; is it now coming down to around $20,000 and being supported there?
Let's first look at Bitcoin.
BTC had a sharp pullback yesterday, with daily gains down 9.66%.
Technically, on the 4-hour chart, BTC tested two bottoms in the morning and returned to the support around $20,000.This level is important, and defending it is expected to form a mid-term rebound.However, the expressions over the past two days indicate that the short-term market is still panicking.We can see whether small positions can participate and defend it.Stop losses if it breaks below $20,000.
Ethereum.
ETH had a sharp pullback yesterday, with daily gains down 13.66%.
Technically, on the 4-hour chart, ETH also fell sharply yesterday, again testing the support near $1,000, and the overall market remains in a panic.In the mid-term, a large range of 1020–1260 needs to be observed for shakeout dynamics.In the short term, whether the price can stay at this level depends, but this signal has not appeared for a while, so small positions should participate, and the support is breaking away.
DOT message:
Polkadot's 19th Slot Auction is scheduled to end around 16:00 on June 12, as announced.Coinversation has earned the leasing usage period for this slot.Coinversation Protocol is introduced as the first trading platform and synthetic asset issuing protocol based on a decentralized contract on the card contract chain.
DOT had a sharp pullback yesterday, with daily gains down 16%.
Technically, DOT pulled back as scheduled yesterday, but the range was wide, dropping to around $7 at the low. Intraday, attention should be paid to this support level, with resistance near $7.4. The current market mood is cautious. Ifshorts are not entering for a while, but long positions are many, and if support breaks and pulls back, you must set a move stop.
LTC had a sharp pullback yesterday, down 11.59%.
Technically, LTC fell as scheduled yesterday, but the range was large, dropping to as low as $44, still supported by the upward trend line. In the short term, pay attention to the $44.5 support, and if defended there may be another opportunity to rise; if breached, you should exit the long position first. The current market is relatively panicked, and positions must be managed carefully.
LINK had a sharp pullback yesterday, down 13%.
Technically, on the 4-hour chart, LINK returned as scheduled yesterday and is currently defending the uptrend line and the MA 30 support line. In the short term, focus on the support near $6.4, but if not defended, it is safer to exit previous positions first and observe. The resistance is around $6.8; if breached, the warehouse is safe.
Traditional trading models do not rely on high-leveraged operations on the upside; profits come from waiting for cryptocurrency values to rise.
Short-term trading involves analyzing Bitcoin price movements to find times of sharp surges or crashes, using leverage to set correct data at the right time and perform two-way trades to earn high rewards. You can buy during price rises or declines and realize profits on the same day, and if the direction is correct, you can earn substantial income.
Daily short-line trading can capture the narrow bands by considering the immediate Bitcoin market, so you don't need to worry about tomorrow's moves or the overall trend. Even if errors occur during trading, timely handling prevents large losses.
One day, market volatility may be narrow, but the bands are rich, meaning several fluctuations occur. For short-term traders, several trading opportunities increase, leading to profits.
Investors who like cryptocurrencies can click the short-term trading official LINE below.
We offer free study of short-term trading techniques.
It will surely be helpful to you