6.17 BTC/ETH Market Analysis

Today's market greed and fear index is 53, with the greed index rising 3 points from yesterday, indicating a neutral market sentiment. The total number of people in the market in the last 24 hours is 108,000, with a total of 369 million dollars.

Looking back at yesterday's report, the trend given was a low buy trend, with a support entry position around 106,400 and a resistance position at 18,800. The intraday low was around 10,640, and the high was around 18,900: the second market provided entry around 2,590 and exit around 2,676, also hitting the perfect high point. After grasping the maximum range fluctuation, the market has pulled back. Currently, the market has once again entered a bottom-building phase. In recent days, the market has been sideways during the day and trending at night, indicating a lack of volume during the day, mostly fluctuating with U.S. stocks during U.S. trading hours. It is highly likely that this is also laying the groundwork for Thursday’s two o'clock interest rate decision.

Point Analysis

Today's focus is on BTC:

The upper resistance is around 107,900 to 108,400 as the first and second resistance levels.

The lower support positions are around 106,400 to 105,800 as the first and second support levels.

(Today, there is no clear direction; just oscillate between resistance and support. The market is stuck in a range, so manage stop losses well, with resistance and support 400 points above and below, which is a small loss point. Focus on stability at key nodes.)

Today's focus on the second market ETH: 2,620 and 2,650 as the first and second resistance levels.

The lower resistance positions are 2,570 to 2,550 as the first and second support levels.

(Today, there is no clear direction; just oscillate between resistance and support. The market is stuck in a range, so manage stop losses well, with resistance and support 25 points above and below, which is a small loss point. Focus on stability at key nodes.)

Summary: The market is in a fluctuation phase. Today is not highly recommended for active trading, as there are no clear indicators showing bullish or bearish trends. It is suggested to wait until around 9:30 PM when the U.S. stock market opens before planning trades. Later, once a trend emerges, we will provide additional direction and points for today.