Evening Bitcoin and Ethereum Market Analysis on June 16, 2025
This weekend, Bitcoin and Ethereum mainly showed a volatile upward trend. Recently, the market has been greatly affected by various news, such as the geopolitical conflict between Israel and Iran, which previously led to a price drop. However, we had anticipated this and reminded multiple times that the impact of geopolitical conflicts is only temporary, and indeed, the market has returned to near its original point. In today's morning session, Bitcoin formed a bullish engulfing on the daily chart; Ethereum fluctuated in the range of 2480 - 2580 over the weekend and also saw a rebound during the day session. Let's continue to analyze today's market:
Daily Level: Continuous bullish candlesticks show a short-term strong tendency. Although it is suppressed by the previous key neckline resistance, it is consolidating. The important support area at the lower levels has been repeatedly validated as effective, and the key moving averages provide strong support; MACD bearish momentum continues to decrease, while bullish momentum, though not fully released yet, remains dominant. The KDJ indicator is gradually recovering upwards from the neutral zone, and the RSI indicator maintains a neutral to strong status. If it successfully breaks through the key resistance level, the bullish trend is expected to extend further.
4-Hour Level: The price continues to operate above the upper Bollinger Band, showing a steady upward pattern after retracing to support. The short-term support structure is solid, and the resistance level is yet to be broken; MACD bearish energy has significantly eased, and short-term moving averages have formed a golden cross, resonating upwards. The RSI indicator has fallen back from the overbought area to the neutral zone and then rebounded again. Pay attention to the breakthrough of the key resistance level; if it effectively breaks through, it may initiate a new bullish trend, and the short-term retracement may be a consolidation process to solidify support.
Operation Strategy:
Bitcoin:
Mainly low long positions, buying in portions between $105800 - $106500, stop loss at $104800, target at $108000 - $109500.
Ethereum:
Mainly low long positions, buying in portions between $2560 - $2580, stop loss at $2530, target at $2630 - $2680.
Key Focus:
Middle East war situation, after the escalation of conflict between Israel and Iran, although there are signs of easing, it may still fluctuate at any time, affecting market sentiment; Federal Reserve interest rate meeting, its decisions affect global liquidity flow, previously maintaining interest rates unchanged, future dynamics are noteworthy; Japan's interest rate hike situation, a rate hike may lead to capital inflow, impacting the liquidity of the cryptocurrency market. Investment should be cautious and strict stop losses are required. Analysis does not constitute advice.