6.18 Afternoon Bitcoin / Altcoin Market Analysis and Trading Ideas
Recent market trend 105489 In the short term, the overall trend remains upward, but the momentum is slowing, and the short-term moving average (MA7) has started to flatten, indicating that the upward momentum may weaken in the short term. Additionally, the top distribution pattern that appeared at 12:45 and the subsequent exhaustion of the three red soldiers indicate that there may be a possibility of fluctuations or pullbacks in the short term. Suggestion: Short-term investors can pay attention to the recent key resistance level near 105468.6. If it breaks through, consider adding positions in the direction of the trend; if it is blocked at this level and clear pullback signals appear, it is recommended to take profits on the high side. Meanwhile, if there is a pullback to the flat top and dynamic support (such as MA7 or MA30) and a stop signal appears, a low-buy strategy can also be considered. Medium-term investors should hold onto their positions and pay attention to changes in moving averages and momentum indicators for further directional guidance.
If Bitcoin rises to around 105500-106800 in the afternoon to evening, it can be sold. Target 103500.
Altcoin can be sold near 2540-2560, target 2450.
