6.16 Afternoon Bitcoin and Ethereum Market Analysis ~ The market opened low and rose high, stabilizing around the 106,000 level. Bitcoin will start a V-shaped reversal trend.

CN
孟晓瀚
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11 hours ago

After the update of the new week, last week's K-line closed with a doji. Currently, the MA5 moving average is continuing to flatten, while the MA10 moving average is showing a slight upward trend. However, the middle band of the BOLL and the MA30 moving average are running relatively flat. According to the MACD and KDJ indicators, the current bullish and bearish index is leaning towards neutrality. The market is fluctuating around the MA10 moving average. Due to recent news impacts and relatively weak trading volume, the market is prone to sharp upward and downward movements. Therefore, this week, it is crucial to pay attention to the support of the MA10 moving average below, with the reference price around 101500.

On the daily chart, after the morning update, Bitcoin opened low and rose high. Currently, Bitcoin is operating near the MA30 moving average, with the MA5 moving average showing a slight turn. The MACD is showing signs of a decrease in bearish sentiment at the bottom. Combined with the 12-hour chart, the current Bitcoin TD indicator has formed a TD9 followed by a bullish bar, and the MACD and KDJ indicators are showing a resonant upward trend, indicating strong short-term bullish sentiment.

On the 4-hour chart, with the intraday rebound, Bitcoin is currently breaking out and operating above the upper band of the BOLL, and the MA5 and MA10 moving averages are resonating upward. However, due to the intraday surge, there is a gap between the short-term price and the MA5 moving average. It is expected that the price will need to pull back to solidify the support below before continuing to rise. Looking at the hourly chart, the current market is leaning towards a slight upward fluctuation. The key focus for the day is the support level around 106000. If it cannot effectively break below, we can consider entering long positions, with resistance levels around 108500-110500. Therefore, for intraday to evening operations, my personal view is to focus on long positions primarily, with short positions as a supplement.

Trading strategy: Buy at 106200-105500, target: 107500-108500, stop loss: 105300.

Ethereum is currently moving in sync with Bitcoin, and the overall daily trend is slightly slower than Bitcoin's cycle. The short-term market is also leaning towards a slight upward fluctuation, with resistance levels around 2670-2780 and support levels at 2560-2500. Therefore, for intraday to evening operations, my personal view is to focus on long positions primarily, with short positions as a supplement.

Buy at 2580-2550, target: 2640-2680, stop loss: 2520.

For the short-term trend, it is expected to be sufficient, and further updates will continue.
Personal views are for reference only. There may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and everyone is welcome to like and follow the public account for surprises!

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