6.13 Afternoon Market Analysis
The morning K-line chart shows a long shadow extending downward, with Bitcoin reaching a low of 102652, followed by a rebound to around 104000. Ethereum synchronously dipped to 2433 before rebounding and currently running at 2510.
Currently, the hourly MACD is still below the horizontal line, and the RSI moving averages are developing horizontally. This afternoon, the market may first experience a wave of sideways fluctuations, with the main players optimistic about evening market volatility.
Today is already Friday. Given the current situation, if Bitcoin continues to decline today, it is estimated that 100500/2200 is a strong support level that is unlikely to be broken in the short term, while the resistance level above is expected to move down to 105000/2580 in the short term.
This afternoon, continue the morning Silk Road rebound short
Bitcoin
104200-104800 looking down at 102800-103500
Ethereum
2520-2550 looking down at 2450-2480
