June 15 Market Analysis
Today is also the last day before the weekend. After the coin price hit a low of 104225 on Saturday evening, it began to rebound. By the morning, the Bitcoin price rose to a maximum of 105631 before facing resistance, and currently, the price is in a sideways consolidation. As for Ethereum, after a double bottom test yesterday, it stopped at a low of 2486. Following that, the price began to rebound, currently reaching a maximum of 2539.
In the short-term four-hour chart, after a narrow range of consolidation and accumulation yesterday, the market broke through the downward trend line and recovered to the upper track. This indicates strong bullish momentum, but the strong rise seen at midnight suggests that in the short term, it is not enough for the market to decline further. Currently, the operating range is near the middle-upper track, and there is still a possibility of continued breakout on the daily line, so the main operation for today should remain bullish.
Operation Suggestions
For Bitcoin near 104800-105000, consider going long, target 106500
For Ethereum near 2500, consider going long, target 2580-2650
