6.14 Fa Ge evening analysis and operation suggestions
Bitcoin price experienced a significant surge following the release of the CPI data. However, when the Federal Reserve's interest rate decision was announced in the early morning, the market experienced a new round of decline, forming a gate-like pattern. This kind of short-term violent fluctuation makes the K-line chart look unsightly. It is expected that in the next trading session, the market will mainly focus on repairing the volatility of the K-line chart, with the main resistance level at 70,000 and the support level at 66,000.
The trend of Ethereum is similar to that of Bitcoin on the hourly level, also forming a gate pattern. Therefore, Ethereum’s short-term trends are expected to follow those of Bitcoin. The market is expected to be mainly volatile during the day, and we will wait for the market to accumulate enough momentum before proceeding with the next round of rises. Ethereum’s pressure level is between 3620 and 3660, with support at 3420.
Fa Ge is running short-term every day. How to better grasp this bull market? If you are interested, you can contact Fa Ge.
