6.18 Midday Thought Analysis of Bitcoin Trend

From the daily chart, Bitcoin has been declining with consecutive bearish candles, touching the 102600 line before starting a rebound. After a period of consolidation, the volume has declined again, but the daily bottom support remains solid.

The 4-hour chart shows the price forming three consecutive bearish candles at the top, with a downward spike to 103300 before rebounding. In the short term, it is expected to fluctuate upwards. The 1-hour level has established a small step-like upward structure, with the low support level coinciding with the lower Bollinger Band support, forming a critical support line that acts as a watershed for bulls and bears. If the price can continue to stabilize above the middle Bollinger Band, the bullish trend will be further established, and the market is expected to continue its upward movement.

Trading Suggestions

- Bitcoin: Go long in the 104000-104500 range, with targets looking towards 105800 - 107000

- Ethereum: Go long in the 2490-2510 range, with targets looking towards 2540-2600.