#BTC
《A New Week — Current Market Analysis》
June is coming to an end, and a new week is about to begin. After two days of fluctuations, the market direction is moving both up and down. After the entire market has repaired and consolidated, it is currently showing signs of upward ascent.
The bottom of Bitcoin is also slowly rising, with minor support around 107000. If this level holds in the coming days, it is likely to test the resistance near 110000, showing a trend of oscillating upward.
Looking at Ethereum on the 4-hour chart, it is about to open up, expected to dip down to test the 2400 level, then rebound upwards. Opportunities can be sought around 2400, with a higher probability of supporting the rebound. The daily chart indicates that MACD is about to form a golden cross. As long as minor pullbacks do not break support, it is a signal for an upward movement.
Overall, altcoins are also waiting for Bitcoin and Ethereum to show new directions. Funds are waiting for suitable entry opportunities. The key support for Bitcoin and Ethereum has not been broken, and we still maintain half the position without reducing it. Since the key resistance has not been broken, we will not add to our positions and will continue to wait for market developments.