6.18 Midday Market Analysis
After consolidation, Bitcoin fluctuated greatly in the morning, and rebounded after falling below 65,000. The impact of the expected rate cut continues, and market confidence needs to be restored. The 4-hour chart needs to be sorted out.
The bullish signal is not obvious, and it may continue to pull back today.
The two Bitcoins consolidated simultaneously and fell rapidly, exceeding the health line. The positive impact of ETFs was offset by macroeconomic factors. If it falls below 3,350, it will be pessimistic.
Operation suggestions:
Bitcoin will make a pullback near 65,800, and Ethereum will make a pullback near 3,480.
Altcoins are generally oversold, so it is recommended to wait and see, and wait for stabilization before entering the market
