Evening Analysis on June 17 $BTC $ETH

The Bitcoin market continues the downward trend of the Dan Bian↓, and we successfully captured a profit space of 3000. After reaching the key support level of 106000, a technical counter-trend occurred, but from a technical analysis perspective, the downward pattern remains solid. Currently, the Bollinger Bands are in a contracting shape, combined with a weekly level doji signal. If we do not see favorable news this week, further declines are expected.

At the daily level, the 60-day moving average at 101600 has become a key defensive line. The short-term downward trend is evident, and the probability of a breakthrough downward is high. It is recommended to seize the counter-trend window to layout the short position: aggressive investors can enter lightly above 106000, while conservative investors should wait for a safe entry point above 107500.

Regarding target setting, in the short term, first pay attention to the breakthrough situation of the 105500 support level. If it breaks smoothly, the next target will be 103200; from a long-term trend perspective, the integer level of 101500 will become the ultimate target for the downward trend. It is advised that holding investors strictly set stop-losses to control risks.

Ethereum is bearish!!! Detailed point levels are publicly available, as well as positions, hurry up!!!

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