June 17 Midday Analysis:
In today's early trading, Bitcoin and Ethereum showed significant divergence in their trends. Bitcoin surged to a high of 108,865 before quickly falling to 106,079, then stabilized and rebounded around the 106,500 mark; Ethereum, on the other hand, experienced a deep pullback in the early morning but surged nearly 100 points during the early trading session, successfully capturing the rhythm of this market movement.
From a technical analysis perspective on the 4-hour chart, both KDJ and MACD indicators show a fluctuating upward trend, with the price closely following the middle band of the BOLL channel. The MA5 and MA10 moving averages continue to rise, the RSI indicator oscillates at a high level, and the trading volume (VOL) is expanding simultaneously. Additionally, Ethereum has effectively stabilized above the green TD2 upward signal. Combining daily and short-term trends, it's expected that the daily market will likely continue its upward oscillation, with a key focus on the strong resistance level around $2,660. Currently, the price hovers near the upper band of the Bollinger Bands, with the channel opening continuing to expand, indicating that larger fluctuations may be on the horizon. Investors are advised to seize low-position layout opportunities. In the afternoon trading, the main strategy will still be to buy on dips.
Bitcoin: Buy around 105500-105800, aiming for 108000-108500
Ethereum: Buy around 2530-2550, aiming for 2640-270
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