Pionex: Bitcoin Latest Market Analysis on June 16

Article Published on June 16, 2025 - 0:10

The current price of Bitcoin is 105,600. Pionex has observed that the market is currently experiencing a consolidation phase with a slight rebound trend. Therefore, in the short term, the trend appears to be stabilizing. Combined with the MACD golden cross signal and the inclination of the Bollinger Bands' middle line, there may be further upward rebound potential in the market. However, due to strong resistance above, the rebound strength may be limited. Additionally, the narrowing of the Bollinger Bands and the overall decrease in volatility indicate that the market may continue to show narrow fluctuations. Thus, Pionex suggests that if the price breaks below the support level of 104,500 or approaches 100,300, caution should be exercised as the market trend may turn bearish. At that time, one can consider a high sell-low buy strategy or gradually reduce positions. Overall, Pionex believes that the current market trend is neutral, but a short-term rebound may continue. The strategy should focus on light positions for tentative long trades, while heavy trading should wait for a clearer trend before making decisions.

Today's Reference Points:

• Long Entry: 104,500, Stop Loss: 10,350, Stop Loss: 500 points, Target: 106,500
• Short Entry: 106,500, Stop Loss: 107,500, Stop Loss: 500 points, Target: 104,500

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,545. Pionex has found that Ethereum is currently in the middle of a downward consolidation trend. Although there has been a slight rebound recently, it is still under pressure from moving averages, and the rebound strength is limited. In the short term, Pionex believes that the market is still in a phase of adjustment. While there are some signs of rebound, the momentum is insufficient, and bullish strength is limited. The future short-term trend may primarily consist of low-level fluctuations, so caution should be exercised regarding the possibility of prices testing lower levels again. Therefore, Pionex suggests that the current market direction is unclear, and a wait-and-see approach is recommended to avoid large-scale positioning. Near the support level of 2,310, one can attempt to gradually build long positions, but stop losses should be set simultaneously. If the price breaks above the resistance level of 2,879 and stabilizes, one can increase long positions in line with a defensive strategy to manage risk.

Short-term Strategy Reference:

• Long Entry: 2,475, Stop Loss: 2,450, Stop Loss: 30 points, Target: 2,550
• Short Entry: 2,560, Stop Loss: 2,590, Stop Loss: 30 points, Target: 2,470

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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