6.16 Monday, Latest Bitcoin Market Analysis

After experiencing weekend fluctuations, Bitcoin and Ethereum still show similar trends. Bitcoin began a gradual decline in the early morning, quickly rebounding after reaching a low point of 104,399, and is currently fluctuating around the 105,500 mark; Ethereum encountered resistance at a high of 2,559 and has fallen back.

Currently, looking at the four-hour chart, it remains in a low-level sideways consolidation, with no effective breakthroughs formed on either side, and the market is still in a state of fluctuation. The Bollinger Bands maintain a tightening shape, with the distance between the upper and lower bands narrowing, waiting for confirmation of the market direction. The current candlestick has a long shadow, but overall it is still under pressure at the middle band, maintaining a weak state. Combined with the bearish arrangement of moving averages, as long as Bitcoin cannot effectively stabilize above 106,300, the bearish trend remains unchanged.

Bitcoin can be shorted in the range of 105,400-105,800, with a target near 104,000. Ethereum can be shorted in the range of 2,560-2,580, with a target near 2,450. #特朗普比特币金库 #MichaelSaylor暗示增持BTC #美国加征关税 #卡尔达诺稳定币提案 #以色列伊朗冲突 $BTC $ETH $XRP