As of June 16, 2025, Bitcoin (BTC) and Ethereum (ETH) continue to exhibit a volatile pattern, with intense market long and short battles.

Bitcoin (BTC)

Market Performance: The price fluctuates in a narrow range between $104,399 and $106,100, with multiple unsuccessful attempts to test the $106,000 resistance. The short-term support level has moved down to $103,000-$104,000. Technical indicators show a MACD divergence on the 4-hour chart, but the rebound momentum is insufficient, and the moving average system is contradictory. If it cannot break through $108,000, it may continue to test $101,000.

Driving Factors: Geopolitical conflicts in the Middle East and the upcoming June FOMC meeting of the Federal Reserve have intensified market risk aversion, with institutional funds flowing out through ETFs putting short-term pressure.

Ethereum (ETH)

Market Performance: The price is fluctuating between $2,490 and $2,559, with resistance from $2,580 to $2,821 above and support at $2,408 to $2,500 below. The technical indicators show that the daily chart has been consistently closing with long upper shadows, indicating significant selling pressure; however, the expectation of the Pectra hard fork upgrade provides long-term support.

Fund Flow: Ethereum ETFs have seen a net inflow for four consecutive weeks, but in the short term, it is influenced by BTC's movements. It needs to break through $2,821 to confirm a trend reversal.

Market Outlook

The short-term market is dominated by geopolitical issues and macro policies. It is recommended to focus on range trading, paying attention to the breakout of $106,000 for BTC or the breakdown of $103,000, while for ETH, it is important to assess the validity of the $2,500 support and remain alert to the risks of news-triggered breakouts. $BTC #美国加征关税