6.13 Morning Silk Road

Last night, the market's selling pressure was concentrated and released, with Bitcoin deeply retreating to 1032, while Ethereum simultaneously dipped to 2500. After an extreme drop, there is a demand for a rebound due to overselling.

On the hourly chart, Bitcoin's Bollinger Bands are opening downwards. Although it is constrained by the upper band, support is beginning to emerge in the 1030 - 1040 range, with decreasing selling pressure and entering a phase of consolidation and recovery.

Ethereum is also weakening, and there are reports of financial issues within its financial company. Fortunately, the support at 2500 remains stable, assisting Bitcoin in observing a rebound from overselling.

Opinion Sharing

Bitcoin: 1025-1030 range, looking at 1038-1040

Ethereum: 2460-2490 range, looking at 2600-2650