6.16 Evening Thought Analysis
The morning after the weekly K-line closing again formed a doji, a small intraday trend has been established, giving a large Bitcoin idea that has reached the second target provided. Currently, we are reducing positions and holding.
In the four-hour chart, it is currently oscillating at the upper Bollinger Band, and the MACD bullish momentum is still increasing. It is currently stabilizing above 106500, and we remain bullish for the evening, with stop losses in place and avoiding countertrends.
Evening Trading Thoughts
- Long Bitcoin near 106200-105700, targeting around 107500. If broken, further targets look towards 109000.
- Long Ethereum near 2600-2560, targeting around 2650, if broken, further targets look towards 2720.
