June 19th Early Morning Analysis and Trading Ideas for Bitcoin and Ether
Although the current market is in a stage of high-level tug-of-war between bulls and bears, the overall strong trend remains unchanged. The previous retracement has not completely consumed the recent upward space, highlighting the resilience of the bulls. Today's market shows a slow upward trend; although it is not a vigorous attack, the movement is more stable and lasting. However, considering that the recent rebound space has been repeatedly restricted, attention should be paid to the possibility of some short-term retracement. Observing the 4-hour chart, the market has repeatedly shown 'drawing door' patterns, with short-term characteristics of probing highs and then retreating. This trend is better defined as high-level oscillation and consolidation rather than a strong one-sided movement. This week, it is expected that both bulls and bears will continue to engage in a tug-of-war. It is worth noting that although the price has repeatedly probed higher and then retreated on the 4-hour chart, it has managed to hold above the key support level near the previous high point and stabilize again. As long as this key support holds, the view of continued bullishness remains unchanged. If it unfortunately breaks down, the market may turn to a downturn. In the short term, the market is likely to continue the oscillation and tug-of-war pattern, with frequent conversions between bulls and bears, but the stabilization signal above the key support retains hope for subsequent upward movement.
Ether: 2500-2475 range, target 2550-2580
Bitcoin: 104500-104000 range, target: 106000
