6.16 Afternoon Bitcoin Ethereum Market Analysis~ The market opened low and rose high, and if it stabilizes around 106000, Bitcoin will start a V-shaped reversal.

After the update of the new week, last week's K-line formed a doji star. Currently, the MA5 daily moving average continues to flatten, while the MA10 daily moving average shows a slight upward trend. However, the BOLL middle band and MA30 daily moving average are running relatively flat. According to the MACD and KDJ indicators, the current bullish and bearish index leans towards neutrality. The market relies on the MA10 daily moving average for oscillation, as the recent news impact combined with relatively weak trading volume makes the market prone to sudden upward and downward movements. Therefore, this week, it is crucial to pay attention to the support of the MA10 daily moving average below, with the coin price reference at around 101500.

On the daily chart, after the morning update, Bitcoin opened low and rose high. Currently, Bitcoin is running near the MA30 daily moving average, with a slight turn in the MA5 daily moving average. The MACD shows signs of reduced bearish sentiment at the bottom, and combined with the 12-hour chart, the current Bitcoin TD indicator has formed a TD9 followed by a bullish candle. The MACD and KDJ indicators show a resonant upward sentiment, indicating strong short-term bullish retracement sentiment.

On the 4-hour chart, with the intra-day rebound, Bitcoin is currently running above the upper band of the BOLL band, and the MA5 and MA10 daily moving averages are resonating upward. However, due to the intra-day surge, there is a gap between the short-term coin price and the MA5 daily moving average. It is expected that in the evening, the coin price will consolidate the lower base before continuing to rise. Combined with the hourly chart, the current market leans towards slight oscillation and upward movement. During the day, it is crucial to monitor the support at the 106000 level. If it cannot break through, we can enter long positions at lower levels, with the upper pressure reference at 108500-110500. Therefore, for operations from day to evening, my personal view is to focus on long positions with support and use short positions as a supplement.

Trading Strategy: Buy at 106200-105500 Target: 107500-108500 Stop Loss: 105300

Ethereum's overall trend is currently synchronized with Bitcoin, and the daily overall trend is slightly slower than Bitcoin's cycle. The short-term market also leans towards slight oscillation and upward movement, with upper resistance references at 2670-2780 and lower support at 2560-2500. Therefore, for operations from day to evening, my personal view is to focus on long positions with support and use short positions as a supplement.

Buy at 2580-2550 Target: 2640-2680 Stop Loss: 2520

For the short-term trend, it is expected to be sufficient, and further updates will continue.