Bitcoin and Ethereum Market Analysis on June 16: BTC, ETH Highlights for Today
Market Review
Yesterday, BTC maintained consolidation, with reduced impact from geopolitical conflicts. The upward momentum at the 4-hour level is not strong. Pay attention to the breakout situation at the resistance level of 16,500. The daily level still needs adjustment, while the weekly trend remains healthy. Focus more on fundamental information, the Federal Reserve's interest rate cut process, and maintain a consolidation expectation for the day, primarily observing. In the long term, the weekly golden cross is forming, and a new round of market activity is expected to start.
Altcoins are consolidating in sync with BTC, returning above 2,500, with a good adjustment state at the 4-hour level and a good recovery at the daily level. Pay attention to the breakout situation at the resistance level of 2,650.
Altcoins are synchronizing with mainstream coins, and the altcoin index is still not high. Waiting for mainstream coins to stabilize before considering following up. Coins under ETH are heavily influenced by ETH, waiting for stabilization before considering following up. Recently, Binance has been very active, with continuous Alpha points activities; you can accumulate points and wait for the next round of activities. The activity on the SOL chain is continuously rising, so you can pay more attention to MEME coins.
Today's Highlights:
BTC has returned to a healthy range at the 1-hour and 4-hour levels, and the daily level is back to a healthy range. Expectation for the day remains consolidation, pay attention to the breakout situation at resistance levels. The support for the day is 104,500-105,000, and resistance is 106,000-107,000.
ETH has returned to a healthy range at the 1-hour and 4-hour levels, and the daily level is back to a healthy range. Expectation for the day remains consolidation, pay attention to the breakout situation at resistance levels. The support for the day is 2,450-2,500, and resistance is 2,600-2,650.
