6.20 Morning Bitcoin Market Analysis

Market trends come and go, mostly following a few patterns. The narrow fluctuations of the market continue, and it is expected that today will be another calm day. From the current market situation, in the 1-hour level K-line, the short-term moving average and the medium-term moving average are converging. The price of the coin is standing firm above MA7 at 104740.46. If it subsequently breaks through MA25 and causes the long-term moving average MA99 to turn, it will strengthen the bullish trend. Historically, the golden cross and breakthrough of the moving average system often indicate a trend reversal or continuation, and the current formation has the potential for a bullish basis. Therefore, our strategy for the morning remains unchanged; we continue to go long.

For Bitcoin, go long around 104400-104100, aiming for 106000.

For Ether, go long around 2500, aiming for 2580.