🚨6/16 Morning BTC/ETH Market Report🚨

🔶The market has been quite volatile these days, with the lower level of 2490 not being effectively broken, and the upper level of 2560 successfully breaking through only this morning. The long position strategy from Friday did not provide an entry opportunity, so how should we operate today? We need to find answers from the charts.

🔶The current price has broken through the previous small range at 31739965948. From the charts, there are signs of continued rebound. We need to pay attention to the upper Bollinger band resistance on the hourly chart, as well as the severe contraction of the four small Bollinger bands. The current price has broken through the middle band, so we need to watch if it can effectively break through again. The daily BBI is around 2582, which acts as resistance. We can look for opportunities to participate in low long positions at the following levels: the support around 2560 or 2550, as well as the previously unbroken level around 2490 (but we need to be aware that the support strength may weaken due to several unsuccessful breaks at this level, and there is a possibility of a direct breakdown). Therefore, today's strategy will focus on light positions for speculation. We can look towards 2616, 2670, and 2750; once the target is reached, we can reduce our positions and continue to speculate.

🔶Currently, there is resistance around 106000 (upper Bollinger band resistance and extension line at 50), as well as resistance near 106590 and 107300. We can consider speculating on a low long position around 105000, 104600, and 103400. The targets can be around 106000, 106590, and 107300, and if we reach 107800 ~ 109000, we can reduce our positions and continue to speculate.

⚠️: All the above levels have a deviation of ±100 points (for Bitcoin) and ±5 points (for Ethereum). The above strategies are solely based on chart patterns and technical indicators, subject to real-time fluctuations and news-related impacts!

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