6.18 Initial Thoughts for the Evening Analysis
From the 4-hour chart of Bitcoin, after the price topped out with three consecutive bearish candles and dropped to the lowest point around 103300, it began to rebound. In such market conditions, accurately grasping entry points is particularly crucial, and it is recommended to take high short and low long positions!
On the 1-hour level, a small step-up structure has been formed, with the support level of the lows highly coinciding with the lower Bollinger Band support level, creating an important support defense line. This has become a critical watershed for bulls and bears. If the price can stabilize above the middle Bollinger Band, the bullish trend will be further confirmed in the short term, and the market is expected to continue rising.
Trading Suggestions
Bitcoin: 103000-103500, target 105000-106000
Ethereum: 2430-2460, target 2540-2600
