Analysis and Trading Ideas for Bitcoin/Ethereum Market on June 16 Afternoon
Bitcoin has stabilized and rebounded from a low around 102600 in the 4-hour chart. After a short-term increase in volume, the upward momentum has slightly slowed down, and the pace has shifted from strong upward movement to a consolidation phase, with a mix of adjustment and organization. Moving forward, there will likely be repeated fluctuations with highs and pullbacks, leading to short-term back-and-forth movements, which will build momentum for the medium-term trend. The short-term rhythm involves taking a look back at every step, and in combination with yesterday's movements, the strategy should focus on ultra-short-term responses, precise entry points, with consolidation coming first and trends following. Currently, there are no clear signs of one-sided movement, so it’s important to grasp the high and low range wisely. In the short term, one should still be cautious of a slow increase followed by a pullback and lower closing rhythm.
Bitcoin: Buy around 106000-105500, target: 107000-107800
Ethereum: Buy around 2560-2600, target: 2650-2700
