6.16 Monday Zhiming Morning Analysis and Suggestions
At dawn today, the price of Bitcoin hit a high near 105800 before experiencing a pullback, with a minimum dipping to 104399. It is currently in a consolidation range above 105000.
On the four-hour chart, the BOLL bands are sharply converging, indicating that the short-term fluctuation range will further narrow. Although it has been oscillating around 105000, neither buyers nor sellers have shown strong continuity, and technical indicators also appear to be dull, reflecting a more pronounced trend of short-term sideways oscillation. On the hourly chart, the oscillation adjustment pattern is more evident, with no clear advantage established in a short time, while the upper resistance is becoming increasingly prominent, and upward resistance is gradually intensifying. In the short term, it is facing a directional choice after the convergence of the range.
Zhiming's Suggestions
Bitcoin: look around 105800-106200, watch 104400-104000
Ethereum: look around 2565-2585, watch 2525-2500
