6.29 Afternoon Market Analysis and Trading Strategy:
The Bitcoin daily chart shows a bullish pattern with three red soldiers indicating strong upward momentum in the short term. However, the current price is running near the middle band of the Bollinger Bands, and the direction is still unclear.
Although the MACD indicator has started to show red bars, the momentum is limited, and the Bollinger Bands indicator shows that market fluctuations are narrowing, suggesting that it may look for direction amid volatility in the short term.
Trading Suggestions:
Bitcoin: 106700-107000 buy, target 108000-109000, stop loss at 106500
Ether: 2400-2430 buy, target 2500-2550, stop loss at 2370
