Evening Summary of Bitcoin on June 21
Today's market trend has shown a very stable oscillation pattern, with prices fluctuating around the range of 103,500. The overall fluctuation throughout the day was only 700 points, and it is currently in a phase of technical recovery after a decline. Although the intraday fluctuation space is limited, with precise trend judgments, we successfully captured two key fluctuation points today and also gained over 1,000 points in Bitcoin. So even though the market volatility is tending to calm down, we can still seize opportunities in every slight fluctuation. We do not underestimate every small market movement and do not miss out on any small profits; little by little, we progress steadily.
From the current market perspective, the Bollinger Bands on the 1-hour chart are continuously narrowing, and the price shows four consecutive declines. However, from a technical standpoint, the price is in a slow upward recovery phase. Currently, the price is stably operating above the middle band of the Bollinger Bands, indicating that the short-term bullish trend has not changed. Therefore, short-term operations can be moderately bullish.
Bitcoin 102,800-103,100 range, targeting 105,500
Ethereum 2,380-2,400 range, targeting 2,480, 10,825,482,271