6.18 Initial Thoughts Analysis
Looking at the daily chart of Bitcoin, after a continuous downward trend reaching a low of 102600, it began to rebound. Following a period of oscillation and consolidation, it started to move downward again, but the daily bottom support has clearly stabilized;
From the 4-hour chart of Bitcoin, after a triple consecutive downward candlestick, it dipped to a low of 103300 before starting to rebound. In the short term, it is expected to continue oscillating upwards; on the 1-hour level, a small step-like upward structure has been formed, and the low support level coincides highly with the lower Bollinger band support level, creating an important support line. This becomes a key dividing line for bulls and bears; if the price can consistently stabilize above the middle Bollinger band, the bullish trend will be further confirmed in the short term, and the market is expected to continue to rise.
Trading Suggestions
Bitcoin: 104000-104500, target 105800-107000
Ethereum: 2490-2510, target 2540-2600
