June 18 Evening Market Analysis:

Early this morning, the Bitcoin waterfall hit, plunging from around 108,000 to 102,600 in one swift move. It has currently rebounded slightly, consolidating around 104,000, but the overall strength of the rebound is relatively weak compared to the waterfall. The daily chart clearly shows that after a spike to 107,000, the subsequent rebound lacked strength, leading to a sharp drop back into the previous range.

Currently, from the daily chart perspective, Bitcoin has once again dipped to around 104,000, where it found support and rebounded. The current resistance level remains at 107,000, with short-term support at 104,000-103,000. Ethereum has also dipped to the 2,450 line and rebounded, with current resistance at 2,600-2,650 and support at 2,450. The 4-hour chart for Bitcoin shows a recovery in a triangular range, stabilizing above 102,000 yesterday, and currently oscillating in the mid-lower track range. The rhythm is still characterized by back and forth movements, not a one-sided trend. The weakening dollar continues to support upward price movement, but the momentum remains weak. After the rebound, attention should still be paid to the resistance strength of the mid-track. There is still a possibility of a pullback after a short-term rise. Currently, the market is in a tug-of-war oscillation between 106,000-103,000, with the short term focusing on range trading. From the 4-hour perspective, Bitcoin has effective support at the 104,000 line, with resistance at 105,000-107,000. Ethereum has also tested the support level of 2,450 multiple times effectively, with resistance at 2,600-2,650;

Bitcoin: Short near 105,500-106,000, looking down to around 102,700-103,000.

Ethereum: Short near 2,540-2,560, looking down to around 2,460-2,480.

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