6.14 Weekend Market Analysis
In the evening, all three major U.S. stock indices opened lower, while Bitcoin and Ethereum experienced slight pullbacks after sideways fluctuations. The market wandered near the mid-line, with trading volume decreasing during the weekend, allowing everyone to finally catch their breath.
After a sharp drop in the morning, Bitcoin's overall movement was upward but with small fluctuations, oscillating around 105000. Ethereum mirrored Bitcoin, briefly touching 2580 in the early morning before also declining.
The hourly MACD is above the horizontal line, but both RSI and KDJ show a downward trend. The upper line is diverging, and trading volume is decreasing. It is expected that the market may continue to operate in a sideways manner in the short term.
For those looking to trade during the weekend, it is recommended to make quick entries and exits. Bitcoin should be traded in the range of 103500-106500 for high selling and low buying operations, while Ethereum can be traded in the range of 2500-2600.
