Monday, June 16, 2025

The weekend market continued to show a consolidating trend, with technical indicators revealing a strong resistance zone between 106000-107000 for Bitcoin. If this level cannot be effectively breached, it may form a double top technical pattern. In the short term, focus on the key level of 105500 for the contest between bulls and bears. If it stabilizes successfully, there is hope for an upward movement towards the 106500 level; conversely, if it falls below the support level of 104000, it may trigger accelerated decline, with a target directly aiming at 102800.

Ethereum's movement is also under pressure, with the 4-hour moving average system forming a death cross, and the rebound process showing a significant lack of volume, indicating a shortage of bullish momentum. The current key support range is between 2490-2450; if broken, prices may further dip towards the 2380 line.

For trading, I personally suggest that Bitcoin can be shorted when it encounters resistance in the range of 106000+106500, targeting around 104500. If it breaks this level, further declines may follow!

For Ethereum, pay attention to the pressure zone of 2570-2600, and it is recommended to enter light short positions on highs in this range, targeting down to 2490. If it breaks the support, further declines can be anticipated! #MichaelSaylor暗示增持BTC