June 21 Afternoon Bitcoin/Ethereum Market Analysis and Trading Ideas
Since the strong downward K-line movement in the early morning, which fell like a waterfall, the market has entered a phase of oscillation and tug-of-war, currently stabilizing above 103000. Although the weekend market is not very active, trading should revolve around the level above 103000. There is likely to be some rebound space.
From the 4-hour market chart, the K-line has dropped two large bearish candles and has already touched the bottom of the wide oscillation range, which is also confirmed on the 8-hour market chart. Both MACD indicators are below the O-axis, and a golden cross has appeared, while the Bollinger Bands have changed from a previously smooth trend to a state of opening up. The movements are synchronized with the previous indicators.
Bitcoin 102500-103000 range, target 104500
Ethereum 2380-2400 range, target 2450
