$BTC 6.16 Early Morning Bitcoin Ethereum Market Analysis ~ The Market Continues to Fluctuate Slightly Within a Range ~ Short-term Band Operation Strategy

After the weekend's fluctuations and adjustments, the short-term strategy of buying low and selling high that we arranged on Saturday has also brought in a good profit margin. Congratulations to those who kept up.

Currently, looking at Bitcoin's daily chart, the price is still being suppressed by the middle band of the BOLL indicator. The MA 5 and 10-day moving averages are collectively pressing down on the price, and the TD indicator has reached a downward TD4 K bar showing a downward arrangement. The MACD and KDJ indicators are showing a bearish divergence at the bottom, and with the MA5 daily moving average and the middle band of the BOLL about to overlap, it indicates that there is strong resistance at the 106000-106500 level. Additionally, the trading volume over the weekend was sluggish, so the market is expected to mainly fluctuate within a small range. If Bitcoin cannot effectively stabilize above any resistance during the weekend rebound, it is advisable to maintain a bearish outlook.

On the 4-hour chart, after the early morning closing, the K bars are showing a mixed arrangement and fluctuating. However, the MACD and KDJ indicators have shown a short-term rebound. The overall track of the BOLL indicator is beginning to narrow, and the MA30-day moving average is still in a downward trend, which also indicates strong resistance above 106000. In combination with the hourly chart, the current short-term market is inclined towards a slight rebound. It is crucial to pay attention to the resistance at the 106000-106500 level in the early morning. If Bitcoin's rebound in the early morning cannot effectively stabilize above any resistance, my personal view is to maintain a bearish outlook while considering some long positions.

Operation Strategy: 106000-106700 Long Target: 105000-104300 Stop Loss: 107000

Ethereum's overall trend is currently in sync with Bitcoin, and the daily chart is gradually following Bitcoin's cycle. The short-term market is also inclined towards range fluctuations and adjustments, with the upper resistance reference at the 2580-2610 level and the lower support at the 2490-2450 level. Therefore, regarding the early morning operations, my personal view is to maintain a bearish outlook.

Operation Strategy: 2575-2600 Long Target: 2520-2480 Stop Loss: 2615

For the short-term trend, it is expected to suffice, and the weekly K update will continue to update $ETH #美国加征关税 #MichaelSaylor暗示增持BTC