Thursday, June 19, Latest Bitcoin Market Analysis

The midnight market activity was much calmer than expected, with the interest rate decision remaining unchanged four times, which did not cause much disturbance in the market. After a second drop to the 103400 level, the market did not continue to decline further.

The current market is undergoing a repair again, and the strength compared to yesterday is significantly stronger, but it has not yet formed the conditions for a breakout. The market is still operating within the range of 1035 to 1055. After three consecutive hourly gains, the momentum is insufficient to extend further upward, and trading volume has shown a decrease as the price ratio rises, with sharp divergences appearing in the market. Looking at the four-hour level, the price ratio is hovering between the middle and lower bands, with morning gains followed by a downturn, but still facing the issue of insufficient trading volume. Even if the market continues to repair, it won't go too far. Our strategy remains unchanged; we continue to look for opportunities to buy high positions when the time is right.

Bitcoin: Around 105200, looking down to 103600.

Ether: Around 2550, looking down to 2460.