6.18 BTC/ETH Market View:
There is not much to say about yesterday's market; it's hard to explain... Bitcoin rebounded from 107,700 and then started to decline, with 13 consecutive hourly declines, stopping at 103,300 and beginning to rebound. The current price is fluctuating around 105,000. The price is currently under pressure from the middle band of the hourly Bollinger Bands. Going higher, there is also pressure from the middle band of the 4-hour chart, which is also a resistance level from the daily K-line's middle band. It’s normal to see a rebound after such a sharp decline yesterday, and bulls should not be too excited; this pullback is not over yet. Those who are caught in long positions should look for opportunities to exit early, with a focus on short positions during the day.
The resistance for Bitcoin is at 105,000, 106,000, and 107,000. Short positions can be entered around these levels, aiming down towards 104,000, 103,000, and 102,000.
For Ethereum, the resistance is at 2,540, 2,580, and 2,620. Short positions should be arranged around these levels, aiming down towards 2,500, 2,460, and 2,420.
Personal opinion: Don't get overly excited! Be rational and watch calmly! #GENIUS稳定币法案
There is not much to say about yesterday's market; it's hard to explain... Bitcoin rebounded from 107,700 and then started to decline, with 13 consecutive hourly declines, stopping at 103,300 and beginning to rebound. The current price is fluctuating around 105,000. The price is currently under pressure from the middle band of the hourly Bollinger Bands. Going higher, there is also pressure from the middle band of the 4-hour chart, which is also a resistance level from the daily K-line's middle band. It’s normal to see a rebound after such a sharp decline yesterday, and bulls should not be too excited; this pullback is not over yet. Those who are caught in long positions should look for opportunities to exit early, with a focus on short positions during the day.
The resistance for Bitcoin is at 105,000, 106,000, and 107,000. Short positions can be entered around these levels, aiming down towards 104,000, 103,000, and 102,000.
For Ethereum, the resistance is at 2,540, 2,580, and 2,620. Short positions should be arranged around these levels, aiming down towards 2,500, 2,460, and 2,420.
Personal opinion: Don't get overly excited! Be rational and watch calmly! #GENIUS稳定币法案
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BTC
104,429.08
+0.45%
ETH
2,498.6
+1.06%