June 19 Afternoon Bitcoin/Ethereum Market Analysis and Trading Ideas
The market once again moved as expected in the early morning, with Bitcoin retracing to around 103500 before moving upward, but it did not pose an effective threat to 105500, followed by a pullback.
Ethereum also reached the expected high of 2546, very close to our profit-taking target. Although there were some gains from the long positions set in the early morning, the levels were not ideal.
The daily K-line range still serves as a positioning function, with prices maintaining fluctuations below the middle track and showing a trend of forming a doji candlestick. On the four-hour line, after the upward fluctuation in the early morning yesterday, we saw a fluctuation pullback in the afternoon, with frequent price movements. Today, there is a high probability of alternating bullish and bearish trends, with intense competition between long and short positions. After the price rebound, the KDJ has resumed an upward trend, but the MACD is still downward, and the reduction in volume for the head is not obvious. The short-term situation will still maintain a fluctuating adjustment, and we will first look at the continuation of the doji.
Bitcoin 104500-104000 support, look for 105500-106000
Ethereum 2520-2500 support, look for 2550-2600
