June 17 Afternoon Bitcoin/Altcoin Market Analysis and Trading Ideas
From a short-term perspective, after a rapid fluctuation in points, the market will likely maintain a certain range of oscillation, but the overall upward oscillation structure is still difficult to change.
On the four-hour chart, this time the price drop returned below the upper track, and the short-term upward momentum has weakened. Additionally, the market is not on a rapid rise trajectory, so the short-term position for buying can be slightly lowered, and the upward process will inevitably be accompanied by pullbacks. During the pullback, key points will again concentrate around the 106500 line. If it effectively breaks below, it will test the previous starting point of 105500.
Bitcoin: Buy near 107000-106200 with a target of 108500-109000
Altcoin: Buy near 2580-2560 with a target of 2660
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