June 14th Bitcoin and Ethereum Market Analysis and Review
- Bitcoin: From around 108,500 in the early morning, it dropped to a low of 102,614, then rebounded with fluctuations, later hovering around 105,000 before dipping to 104,000, and then rebounding above 105,500.
- Ethereum: The trend is similar to Bitcoin, dropping to a low of 2,433 before fluctuating upwards, returning above 2,550.
Market Analysis
1. Daily K-line: Intense competition for the lower shadow, bears quickly suppressed, and bulls slowly recovered, but failed to stabilize at the midline of 106,500, with bears still dominating in the short term.
2. Trend and Key Levels: The bearish trend remains unchanged, with fierce competition for key levels, entering a range-bound fluctuation in the short term, with support at 104,000 and resistance at 106,500.
Technical Analysis
- Daily K-line: BOLL bands running horizontally, after a significant drop, have not broken through, and technical indicators show strong downward pressure.
- 4-hour K-line: After a rebound from the bottom, there have been consecutive bullish candles, but recovering losses over the weekend is challenging, with support at 104,000 and pressure at 106,500, maintaining range-bound fluctuations in the short term.
Operation Suggestions
- Bitcoin: Short positions in the range of 106,000-105,500, with a target of 104,000; if broken, watch for 107,500 above and 102,500 below.
- Ethereum: High sell and low buy in the range of 2,600-2,500, with short-term fluctuations needing real-time monitoring for updates.
