6.19 Midday Analysis

Looking at the four-hour chart, there have been four consecutive bearish candles; although a strong bullish reversal appeared subsequently, the overall swing has not fully recovered, indicating that the upward momentum is relatively weak and has not formed a sufficiently strong bullish trend. The MACD fast and slow lines are attempting to turn up below the zero axis, but a golden cross has not yet formed, and the histogram is in a state of decreasing volume. In the short term, the market is currently under the backdrop of RSI recovery and MACD warming, showing some bullish momentum. However, the shrinking volume in the suburbs and the KDJ's signal to sell indicate that the upward space in the short term is quite limited, and subsequent gains may face significant pressure. Additionally, the resistance at the 106000 level remains very strong, forming a clear resistance level. For further breakthroughs, there needs to be sufficient volume and market sentiment support.

Suggestion:

Bitcoin: Range between 106300 - 105500, with the first target below at 103300. If that breaks, then look for 102600-101800.

Ethereum: Range between 2545 - 2580, looking at 2500; if that breaks, then look for 2465-2452. #BTC走势分析