Gu Yue: Bitcoin market analysis, the struggle between bulls and bears, who will dominate?

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谷月
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12 hours ago

1. Current Price Trend Latest Quote: $106,600 (as of June 16), down about 1.6% in the past 24 hours. Key support levels: $104,200 (short-term), $103,150 (strong support), $101,200 (high volume area).

Key resistance levels: $106,000 (recent high), $107,000 (breakout target), $108,150 (Fibonacci 0.382 level).

2. Technical Analysis: Ascending flag pattern: The daily chart shows BTC in a correction phase but still above the Fibonacci support at the higher time frame ($104,291). 4-hour chart oscillation: Price fluctuates in the range of $103,150-$105,400, with the Bollinger Bands narrowing, indicating a potential breakout.

Indicator Signals:

  RSI (30 minutes): 45.2 (weak). MACD (30 minutes): death cross, bearish in the short term. Stochastic RSI: overbought (85-86), potential pullback.

1. Ethereum Current Price Trend

Latest Quote: $2,610 (as of June 16), up about 0.66% in the past 24 hours.

Key support levels: $2,450-$2,475 (short-term), $2,300 (strong support).

Key resistance levels: $2,600 (psychological level), $2,800 (previous high), $3,000 (institutional target).

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2. Technical Analysis: Short-term trend: The ETH/USD 4-hour chart shows price oscillating in the range of $2,450-$2,600, with the Bollinger Bands narrowing, indicating a potential breakout.

Indicator Signals:

RSI (daily): Approaching 70 (overbought area), caution for short-term pullback.

MACD (4 hours): Golden cross forming, but momentum is weak, indicating market hesitation.

Volume: Recent trading volume has increased, but still below previous highs, need to observe volume support during breakout.

Trading Suggestions:

Bitcoin: Suggest buying in the range of $106,300-$106,500 with a target of $108,000.

Ethereum: Suggest buying in the range of $2,580-$2,600 with a target of $2,700.

 There are many types of investments, choosing the right one for yourself is important. There are many paths, choosing the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing global investment trends, providing daily market analysis, and offering the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article represents personal views only and is for reference only, not to be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.

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