Analyst Liang Qiu: 6.17 Bitcoin/Ethereum Volatile Upward Movement, Pay Attention to Support Below

Bitcoin/Ethereum has been fluctuating upward after dipping to around 102600 and 2430 a couple of days ago, especially Bitcoin, which surged strongly, reaching a high of around 108900 last night. Since our short position at 110000, we have published multiple articles on the bottoming strategy over the past two days, and the market has continued to fluctuate upward, showing a generally good space. Currently, the market remains high, and there is further room for upward movement; attention should be paid to support levels around 105000 and 2480 for Bitcoin and Ethereum. The daily chart has started to stabilize with moving averages shifting upward, and there is still relatively large space above.

On the Bitcoin/Ethereum K-line chart, the daily level shows that the recent price has gradually stabilized after significant fluctuations. Yesterday, the daily line formed a long upper shadow, indicating strong selling pressure above. However, the closing price was slightly higher than the opening price, forming a small bullish candle, suggesting a slight easing of market sentiment. In the 4-hour cycle, there was a rapid rise, but it subsequently fell back, and the current K-line is in a phase of consolidation and fluctuation, with relatively balanced buying and selling forces in the short term. On the technical indicators, the 4-hour MACD histogram has turned from red to green, with the fast and slow lines still below the zero axis, indicating limited rebound strength and an overall weak trend; however, the lows are gradually rising, and if they do not break, they will continue to bottom out before rising again.

Operational Suggestions BTC: Enter around 105500 to 106000, target near 108500; ETH: Enter around 2540 to 2570, target near 2650; if it breaks above, we can continue to look up towards 109500 and 2720.

【The above analysis and strategies are for reference only, please bear the risk yourself. The article review and publication are not timely; specifics are subject to real-time updates】 #美联储FOMC会议