June 17th Bitcoin/Ethereum Early Morning Market Analysis and Trading Ideas
In the afternoon, the market saw strong bullish momentum with significant volume, with the price peaking around 107700 facing resistance. In the evening, a slight pullback occurred as an adjustment after the surge, with the price currently retracing to the 107300 level, showing a high-level range fluctuation.
As for Ethereum, the evening market displayed a rebound structure, peaking at the 2656 level, and retracing to the 2626 level in the early morning to stop the decline. The market is currently recovering and fluctuating around 2638.
Looking at the four-hour chart, the price broke through the upper band and has formed a two-candle bearish retracement. The current market is still maintaining near the upper band of the Bollinger Bands. Although a retracement trend has emerged, it is still in a high-level consolidation, and there is still upward space available for the pullback.
Currently, based on previous resistance points, the resistance level needs to be above 107700. The bottom structure has seen a pullback to the 106500 level before rebounding, and the one-hour mid-band has risen to recover to the 106000 level. If the evening pullback does not break the mid-band support, the bullish trend remains intact, indicating further upward space for the market.
Bitcoin: Buy around 2630-2600, target: 2700
Ethereum: Buy around 107500-106500 in portions, target: 109000#Metaplanet增持比特币 #以色列伊朗冲突
