June 17 Afternoon Bitcoin/Ether Market Analysis and Trading Strategy
From a short-term perspective, after the rapid fluctuations in price, the market will maintain a certain range of oscillation, but the overall upward structure remains difficult to change.
On the four-hour chart, this recent dip has brought the coin price back below the upper band, and the short-term upward momentum has weakened somewhat. Additionally, the price action has not been a rapid surge, so the short-term long positions can be slightly reduced, and the upward process will inevitably be accompanied by pullbacks. During the pullback, key levels will again concentrate around the 106500 line, and a valid break below will test the previous breakout point of 105500.
Bitcoin: Buy in the range of 107000-106200 with a target of 108500-109000.
Ether: Buy in the range of 2580-2560 with a target of 2660.
