6/17 BTC ETH Market Analysis: Resistance Encountered in Uptrend, Range Trading Awaiting Breakthrough

1. Market Interpretation: In the 4-hour chart of BTC, the price rebounded to the upper Bollinger band but encountered resistance and fell back. The moving averages (EMA10/52/24) are in a bullish arrangement, but the trading volume did not continue to increase, indicating insufficient upward momentum.

Currently around 107385, there is significant resistance at 108000 above, and key support at 106000 below. If support holds, it may consolidate and gather strength for another attack; if it breaks, it will test 105000.

ETH also faced resistance at the upper Bollinger band, fluctuating around 2605. The moving averages are in a bullish arrangement but the volume is declining. There is resistance at 2650 above and support at 2550 below, hence it is necessary to observe the breakout direction to determine whether to continue the rebound or adjust downwards.

2. Precise Entry Points: BTC Strategy Long (support stabilizing) Entry: Price stabilizes at 106500, and the 15-minute line closes bullish with volume increasing (20%+ increase compared to the previous 5 candles).

Stop Loss: Below 105800 (exit if it breaks short-term support). Take Profit: First target 108000 (50% take profit at resistance), if broken, look for 109000 (30% more take profit), remaining 20% to play for 110000.

Short (upper band under pressure) Entry: Rebound to the range of 108000 - 108500, closes with long upper shadow / bearish candle, and volume shrinks. Stop Loss: Above 109000 (exit if pressure breaks).

Take Profit: 106500 - 107000 (take profit at support). ETH Strategy Long (moving average support) Entry: Price stabilizes at 2620, and the hourly line shows increased volume.

Stop Loss: Below 2580 (exit if it breaks). Take Profit: 2680 - 2700 (take profit at resistance in batches, first take profit 60%, if broken, look for 2750).

Short (pressure trading) Entry: Rises to the range of 2680 - 2700, encounters resistance and falls back (MACD top divergence). Stop Loss: Above 2720 (exit if pressure breaks).

Take Profit: 2620 - 2650 (take profit at support, if broken look for 2600).

3. Core Logic: Currently, BTC and ETH are in the "uptrend encountering resistance + range oscillation" phase, with long and short forces temporarily balanced.

Trade closely monitor key ranges (BTC 106000 - 108500, ETH 2550 - 2700), with light positions for trial and error and strict stop-loss.