Bitcoin and Ethereum Market Analysis on June 17: BTC, ETH Today's Highlights

Market Review

Yesterday, BTC rose again, exceeding expectations, as the impact of geopolitical conflicts weakened. The upward momentum at the 4-hour level has not shown significant enhancement and still needs adjustment. At the daily level, attention is on volume changes; if the upward trend strengthens, a new rising cycle is expected. The weekly trend remains healthy, with a focus on fundamental information, the Federal Reserve's interest rate cut process, and maintaining expectations of consolidation during the day. Attention is on the support level of 165,000; if it holds, consider following up. In terms of the larger cycle, the weekly golden cross has formed, and a new round of market activity is expected to start.

Altcoins follow BTC with a synchronous rise, with significant fluctuations. The upward momentum at the 4-hour level is hindered, so pay attention to breakout conditions. The daily level is recovering well, focusing on the breakout situation at the resistance level of 2,650; if it effectively breaks, consider following up.

Altcoins are rising slightly alongside mainstream coins, but the altcoin index is still not high. We are 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 activities have been frequent, 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; more attention can be paid to MEME coins.

Today's Highlights:

BTC's 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range. Expectations for the day remain in consolidation, focusing on the stability of the support level. The intraday lower support is 106,000-106,500, and the upper resistance is 108,500-109,000.

ETH's 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range. Expectations for the day remain in consolidation, focusing on breakout conditions at the resistance level. The intraday lower support is 2,500-2,550, and the upper resistance is 2,650-2,700.