Evening Analysis on June 17: #大饼 Breaks Downward, Focus on Key Support Zone Opportunities
In the afternoon, $BTC continues to show a clear downtrend, starting a sustained decline from the key level of 107700.
From a technical perspective, after the price broke below 107000, a short-term trading platform formed in the 106700-106400 range. As the volume was released near 106400, the bears broke through the lower support of the range, completing a "range breakdown" bearish pattern.
On the indicator level: The MACD double lines have formed a death cross with expanding openings, the RSI has dropped below the 40 oversold threshold accelerating downward, and the price has effectively broken below the lower Bollinger Band, with bearish momentum showing a clear advantage.
Currently, we need to wait for the price to reach the potential support zone and show signs of stopping the decline before confirming the validity of the bottom.
Trading Suggestions:
$BTC : Buy near 105000-104500 on a pullback, target 106900-107800, stop loss 104000
$ETH : Buy near 2500-2450, target 2600-2650, stop loss 2400
