June 19 Bitcoin (BTC) Ethereum (ETH) Market Analysis [Last Defense Level for Long Positions], with strategy order reference included.

1. News Front

2. The Norwegian digital asset company K33 announced its plan for a directed stock issuance, aiming to raise at least 85 million Swedish Krona, approximately 8.88 million USD. This funding will primarily be used to advance its Bitcoin accumulation plan and strengthen the company's balance sheet.

Torbjørn Bull Jenssen, the CEO of K33, also mentioned that this financing is critical to achieving their initial goal of first securing 1,000 bitcoins, and then considering the next steps for expansion.

2. Bank of Korea Governor Rhee Chang-yong is cautious about launching a won stablecoin. He is not completely opposed, but he thinks that it is necessary to first consider whether the bank structure will change drastically if the foreign exchange market is stable and unstable. He worries that the won stablecoin might make the dollar stablecoin more popular, and that it will be troublesome to manage the foreign exchange. Moreover, stablecoins are too active, and the function of payment and settlement may run from banks to non-banks, which will smash banks' jobs and affect their revenues and business models. In fact, the Bank of Korea has been experimenting with central bank digital currency (CBDC), but if it really wants to issue a stablecoin, it has to discuss it with the financial regulator. Lee Chang-yong said that he would coordinate policies with the Ministry of Finance, the Financial Commission and other departments to take into account the benefits and risks of stablecoins.

3. Technical Aspects

[Big Pie] Figure 1

We talked about the breakout of 104500 testing 103000 for Bitcoin the day before yesterday. Yesterday, this trend was successfully verified. Today, we need to pay attention to the area of 105500-106000 during the day, as this is a trapping zone for many retail investors and whales. This is the area where LC previously used technical analysis to trap buys, and the selling pressure is evident.

Overall, on the hourly level, Bitcoin is forming a W double bottom, which indicates a demand for upward movement. However, there is significant selling pressure above, and it is highly likely that a triple bottom pattern will form in order to test the upper region. Meanwhile, we will continue to monitor the position at 103500 below, as this is a conversion line, and breaking it would indicate a major trend reversal.

Pressure: 105500, 106000;

Support: 103500, 103000;

[二饼] Figure two

Let's look at the direction of the general trend of the two cakes, as a whole, it is still in the 2 waves of consolidation at this stage, of course, this 2 waves of consolidation is indeed a little long, the 2 waves are in a flag channel, 2465 is the phased conversion line, the two cakes fall below here, it is about to step on the retracement of 2350, and on the daily trend, if the closing line closes above 2465, it indicates that the daily trend is also turning, and we see that the lower track has been rising along the way, indicating that the liquidity of this place is particularly large, If the 2350 level is broken, it is likely to trigger a large stop of buy, which will lead to the rate of testing the 2240 retracement level very quickly.

Currently, we view 2710 as a strong and weak line; if it breaks, we will continue to test the position of the upper track. !

For the intraday futures, we are paying attention to the position at 2454. Only if it breaks upwards can we continue to test the upper position at 2700; otherwise, the futures will still form a fair zone in the range of 2545-2465, building a bottom and accumulating positions, waiting for LC to choose a direction again.

Pressure: 2540, 2685;

Support: 2460, 2400;

3. Trend Order

(The following is just a simple trend analysis for reference only. The specific data can only be analyzed upon arrival. If you're interested, you might consider following me.)

btc script 1: sell at around 106000: stage 1: 106800 stage 2: 105200 stage 3: 104500 stage 4: 104000

eth script 1: sell near 2685: 2720 stage 1: 2645 stage 2: 2610 stage 3: 2560