6.18 Cryptocurrency Market Update🚀
Today's market continues to fluctuate, with mainstream coins experiencing low trading volumes. The four-hour technical analysis shows weakness, suggesting range-bound trading.
$BTC : 104000 is the critical point
Last night, it dipped to 103300 and then rebounded. Today, it needs to hold at 104000: if it does not break, we can expect a rebound to 105800 and 106500; if it breaks, it may dip to 103530 and 102880.
1 Hour KDJ is opening downwards, it is recommended to try a small long position near 104800 with a stop loss at a new low, targeting 107300.
$ETH : 2530 sets the direction
Last night, it rebounded at 2450, 2530 is the watershed:
If it stabilizes above, aim for 2560 and 2600; if it breaks, it may dip to 2490 and 2450. The 4-hour RSI is oversold, so a small long position can be taken at the current price, targeting 2550-2580, with a stop loss at 2450.
