Analyst Liang Qiu: 6.3 Bitcoin/Ethereum Rises Again, How Sustainable is the Bullish Trend

Bitcoin/Ethereum surged again overnight, reaching a high of around 186,500 and 2,650, with a noticeable increase. However, the Bitcoin daily MA indicators did not effectively break through and faced resistance near the 10-day moving average of 106,600, beginning to pull back. Overall, Ethereum experienced significant upward movement, but after the surge, the four-hour candle closed with a long upper shadow, indicating that bullish energy is exhausted and there is a risk of a pullback. Additionally, from the Bitcoin weekly perspective, the trend has not reversed; the market is still likely to rise and then pull back.

In terms of Bitcoin/Ethereum candlestick patterns, the daily level shows a rise and pullback. After a significant decline earlier, a rebound has occurred, but there is clear resistance above. On the four-hour cycle, the rise and pullback with a long upper shadow indicates heavy selling pressure above, and the bullish strength is weakening in the short term. Technically, the daily level DIF and DEA are still below the zero axis, and the bearish trend has not fully reversed. On the four-hour level, DIF is gradually approaching DEA, showing signs of a golden cross, but the momentum bar is shrinking, so caution is needed for potential false breakouts.

Trading suggestions for BTC: Target around 105,500 to 106,000, with a goal of around 103,500; ETH: Target around 2,600 to 2,620, with a goal of around 2,540.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may not have timeliness; please refer to real-time data for specifics】 #加密市场反弹