Bitcoin/Ethereum Market Analysis and Trading Ideas on June 22nd Morning
From the weekend's market performance, the market shows significant signs of being stuck, with neither side able to form an effective offensive, resulting in price fluctuations trapped in a narrow range of consolidation. From the daily technical analysis, the downward price trend found effective support after touching the lower Bollinger Band, triggering a technical rebound. Currently, the market is in a low-level accumulation and consolidation phase.
Although the short-term trend is weak, the medium to long-term upward trend has not fundamentally changed. This pullback can be seen as a secondary correction of the previous upward momentum, where insufficient accumulation during the prior rise led to the market retesting key support levels, solidifying the bottom structure through this second dip.
Bitcoin 103500-103000 range, targeting 104500
