June 25 Afternoon Bitcoin/Ether Market Analysis and Trading Ideas
Powell's speech remains ambiguous and does not provide significant indications. If inflation is below expectations, interest rates may be cut earlier; a weak labor market could also lead to earlier rate cuts.
Bitcoin, based on yesterday's performance, found a bottom near 99,500, rebounding to around 106,400, and then retracing to around 105,000. In the early morning, it once again surged above 106,000, stabilizing around 105,300. Currently, it is above MA14, showing a bullish trend. The RSI is at 65.03, close to the overbought zone but has not entered the extreme range; the MACD shows a strong bullish momentum.
From the current 4-hour candlestick trend, the market is maintaining a solid high-level oscillation with a bullish bias. Prices are consistently close to the upper Bollinger Band, displaying obvious strong characteristics. The candlestick highs show a stepwise upward trend, while the pullback lows have not broken the previous support level. In terms of technical indicators, the MACD dual lines are continuously diverging above the zero axis, with the red momentum bars showing a moderate increase, and the DIF and DEA lines maintain a good bullish arrangement. The afternoon trading idea is to look upward.
Bitcoin: 105,000-105,700 Buy, Target 107,500
Ethereum: 2,410-2,420 Buy, Target 2,485
