June 20th Early Morning Bitcoin / Altcoin Market Analysis and Trading Strategy
The current market continues to show a range-bound oscillation trend. Although some cryptocurrencies have recently experienced short-term rebounds, these local fluctuations are mostly corrective in nature due to overselling, lacking solid fundamental support, making it difficult to establish a sustainable upward trend. Trend-driven investment opportunities are unlikely to appear in the short term.
From a technical analysis perspective, market prices remain under pressure below key resistance levels, with the moving average system in a bearish arrangement. The MACD indicator continues to show a death cross with no significant convergence in the green histogram, and the RSI indicator is also lingering in the weak zone. Various technical signals indicate that the market is lacking strength, and if the trading volume cannot be effectively released, a significant pullback risk may be triggered at any moment.
Bitcoin 104500-104000 Watch 105500-106000
Altcoin 2500-2470 Watch 2550-2600
