As the market enters a new trading cycle, Bitcoin and Ethereum continue to show a volatile consolidation trend. From the recent market performance, after a pullback in the early morning yesterday, the market stabilized at a low point and then experienced a pump during intraday trading. However, it fell again upon encountering the resistance level, maintaining overall oscillation within the established trading range. In the evening, the market rebounded from the low point before pulling back again. Currently, the price is continuously adjusting at the middle band position and attempting to push higher, indicating that the larger cycle has entered a consolidation phase. It is worth following that if the current range is successfully broken, the market is likely to experience effective warming.
Technical analysis shows that the Bollinger Bands on the four-hour chart have been continuously narrowing and moving horizontally for several days, with the forces of bulls and bears in a relatively balanced state. The KDJ indicator has shown continuous golden crosses and is developing upwards, with quite obvious signs of bottoming out, and the support strength below is strong. In the short term, the market focus will be on whether it can break through the middle band resistance level. In terms of operational strategy, it is recommended to primarily focus on buying at low levels.
For Bitcoin, you can follow the buying opportunities in the range of 104500-104800, with the upper target price pointing to around 106500-107500.
For Ethereum, the 2480-2510 area can be considered for positioning, with an upward target range near 2580-2630.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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LiquidityHunter
· 13h ago
Liquidity is life
Reply0
CryptoTherapist
· 06-17 07:17
Let's breathe deeply and process this market trauma together
Reply0
DaoGovernanceOfficer
· 06-16 00:33
Data suggests buy low
Reply0
GateUser-378c4af2
· 06-15 21:07
thanks for the useful information 🙂
Reply0
CodeAuditQueen
· 06-15 20:51
Breaking the deadlock requires overcoming resistance.
As the market enters a new trading cycle, Bitcoin and Ethereum continue to show a volatile consolidation trend. From the recent market performance, after a pullback in the early morning yesterday, the market stabilized at a low point and then experienced a pump during intraday trading. However, it fell again upon encountering the resistance level, maintaining overall oscillation within the established trading range. In the evening, the market rebounded from the low point before pulling back again. Currently, the price is continuously adjusting at the middle band position and attempting to push higher, indicating that the larger cycle has entered a consolidation phase. It is worth following that if the current range is successfully broken, the market is likely to experience effective warming.
Technical analysis shows that the Bollinger Bands on the four-hour chart have been continuously narrowing and moving horizontally for several days, with the forces of bulls and bears in a relatively balanced state. The KDJ indicator has shown continuous golden crosses and is developing upwards, with quite obvious signs of bottoming out, and the support strength below is strong. In the short term, the market focus will be on whether it can break through the middle band resistance level. In terms of operational strategy, it is recommended to primarily focus on buying at low levels.
For Bitcoin, you can follow the buying opportunities in the range of 104500-104800, with the upper target price pointing to around 106500-107500.
For Ethereum, the 2480-2510 area can be considered for positioning, with an upward target range near 2580-2630.