Bitcoin and Ethereum Market Analysis on June 20: BTC, ETH Today's Highlights

Market Review

Yesterday, BTC remained in consolidation, continuing to stabilize. The impact of geopolitical conflicts has diminished, and the downward momentum on the 4-hour chart has started to weaken, with divergences observed, but adjustments are still needed. Patience is required to see it through. The daily level still needs to consolidate, waiting for the 4-hour level to break out, while the weekly trend remains healthy. More attention should be given to fundamental information, the Federal Reserve's interest rate cut process, and expectations for consolidation during the day. In terms of larger cycles, the weekly golden cross is forming, and a new round of market activity is expected to begin.

Altcoins are following BTC in synchronization, with the 4-hour level still needing adjustment, and the downward momentum is not strong. There is hope for a breakout in the next couple of days, with the daily level remaining positive and maintaining range fluctuations. Pay attention to the stability during the day.

Altcoins are synchronizing with mainstream coins, and the altcoin index is still not high, waiting for mainstream stabilization before considering following up. Coins under ETH are heavily influenced by ETH, waiting for stabilization before considering following up. Recently, Binance has been quite active with ongoing Alpha points activities; you can accumulate points and wait for the next round of activities. The activity on the SOL chain is continuously increasing, so it's worth paying more attention to MEME coins.

Today's Highlights:

BTC's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. Expectations for the day are to maintain consolidation, focusing on the stability of support levels. The support below during the day is 104000-104500, and the resistance above is 105500-106000.

ETH's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. Expectations for the day are to maintain consolidation, with the support below during the day at 2450-24500, and the resistance above at 2550-2600.