June 18 Morning BTC/ETH Analysis:
Trump intervenes in the Middle East conflict, Bitcoin experiences 13 consecutive bearish hours!
Recent Middle East issues have led to volatility in the cryptocurrency market, with strong risk-averse sentiment driving prices down due to U.S. involvement. However, after U.S. lawmakers opposed American intervention, prices rebounded temporarily. The impact of news is significant, and it is essential to closely monitor real-time developments in the Middle East.
Currently, Bitcoin has formed a double bottom support pattern on the four-hour chart, and it is unlikely to test lower levels in the short term. During the day, focus on the 1050 level; a stable close above this level on the hourly chart would indicate strength. Resistance levels above are 1055-1067-1077.
BTC: Trading around 1037-1042, with a stop-loss at 600 points and targets set at 1055-1077.
Ethereum is currently breaking out on the four-hour chart, with resistance on the rebound at 2550. If it can break through and stabilize at this level on the hourly chart, then further upside is possible. Resistance levels above are 2583-2620.
ETH: Trading around 2481-2491, with a stop-loss at 35 points and targets set at 2550-2639.
Pay attention to Liu Bei, like first and then watch, profit over 10,000 U!
