6.19 Afternoon Flat Trading, Main Focus on Evening Volatility
The morning market showed little fluctuation, overall remaining flat, with Bitcoin trading around 104500, while Ethereum remained stable above 2500.
From a daily perspective, the MACD is still below the zero line, but the histogram is shortening, indicating a rebound after a series of declines recently; however, the rebound strength is weak and has not effectively broken through the previous high. After a sharp decline on Tuesday, a long lower shadow was formed, showing short-term buying interest.
On the 4-hour chart, the MACD lines are intertwined, showing no clear direction, repeatedly testing support around 104500, forming a consolidation range of 104500-105200, with the current price close to the lower boundary of the range.
Currently, trading volume is insufficient, lacking breakthrough momentum, and the afternoon may continue to oscillate and consolidate. Short-term strategies of buying low and selling high can be employed, with the main focus on the volatility changes after the evening opening of the US stock market. If it dips without breaking 103000/2450, then a subsequent bullish position may emerge.
Yumi Continues Morning Rebound Empty Silk Road in the Afternoon
Bitcoin
105000-105500 looking down at 104300-104000
Ethereum
2545-2565 looking down at 2510-2480
