6.19 Analysis of Bitcoin and Ethereum Market

From the current market analysis, the price of Bitcoin reached the key level of 1055 in the morning yesterday, then slightly moved down to test the strength of the bottom support. By the evening, the support level showed effective holding power, which triggered a rebound. The current market presents a significant box fluctuation pattern, with tonight's focus on the Federal Reserve's interest rate decision and Powell's speech. Based on recent macroeconomic data analysis, the probability of the Federal Reserve cutting interest rates is nearly zero, and it is highly likely to maintain the current interest rate level. Under this expectation, if there are no unexpected factors disturbing the market, it may continue to exhibit a fluctuating trend. It is worth noting that the current market's bullish sentiment is continuously heating up, suggesting that the strategy should mainly focus on low buying.

Key attention should be placed on the critical support level of 1033; if this level is lost, one may consider going short; if the support holds, the bullish trend is likely to continue.

The operational advice is for reference only.

For Bitcoin, it is recommended to set up long positions in the range of 1033-1038, with a target near 1055-1063.

For Ethereum, it is recommended to set up long positions in the range of 2470-2490, with a target near 2550-2580.