6.19 Morning Bitcoin Ethereum Silk Road

The Federal Reserve's interest rate decision in the early morning remains unchanged, which did not have a significant impact on the market. Bitcoin has dropped from around 1053 to 1034 and has rebounded after hitting the bottom, currently fluctuating around 1050. Ethereum's movement is in sync with Bitcoin, dipping to 2470 before quickly rebounding, and currently adjusting around 2530. The market is experiencing intense long and short battles.

From the analysis of the four-hour chart, Bitcoin is hovering around the lower band of the Bollinger Bands. Although there is a rebound, it has not broken through the key range. The MACD green bars are shortening, and the fast and slow lines are near the zero axis. The daily line is running in a death cross, and the RSI value is 50, which is neutral but slightly weak, though it has not entered the oversold area. The focus is on whether the 1060 level can be broken and held; it is expected to oscillate within a box range after this point. The main strategy is to sell high and buy low.

Personal advice for reference only

For Bitcoin, look at 1054-1058, watch 1035-1040, if it breaks down, continue to look lower; if the support holds, you can try a short position.

For Ethereum, look at 2550, watch 2450-2480, if it breaks down, continue to look lower; if the support holds, you can try a short position.