Tuesday Summary & Bitcoin and Ethereum Market Analysis and Trading Suggestions for Wednesday Early Morning 6.10

There is no perfect operation in trading, adjust your mindset and wait for the next signal. Looking back at yesterday, the overall market showed a sideways downward trend, with prices breaking below the support of the range at 62,300 in the evening, touching a low of around 60,827, then slightly rebounding to around 61,000 by the close. Ethereum declined in sync, with a low of about 1,621, but showed signs of stabilization by the end of the session, with buying interest starting to probe from below.
During the regular trading hours, the main strategy was still based on resistance levels, successfully taking profits on long positions. In the afternoon, a slight rebound was expected, attempting to catch small recoveries, but the bearish selling pressure exceeded expectations, resulting in many positions being liquidated or trapped. Market fluctuations are normal; rises and falls are never controlled by human will. Adjust your mindset and start anew.

After the previous decline, the current market has entered a severely oversold zone, with a bottom divergence pattern appearing on the hourly chart, indicating a strong short-term rebound demand. On the four-hour chart, the Bollinger Bands are narrowing and flattening, with Bitcoin approaching the lower band, which is also in an oversold state. The lower band provides strong support, and the speed of the larger-scale decline is slowing down. The short-term trend is shifting toward a recovery and rebound, with candlesticks showing lower shadows after closing in red, indicating initial signs of support at low levels. On the hourly chart, the support at 60,833 has become a short-term support level, with declining momentum exhausted. The Bollinger Bands are widening, and the price and candlesticks are deviating too far from the middle band, suggesting a need to return to the mean. On the 15-minute chart, the support at the lower band is stable, with bullish candlesticks showing lower shadows, gradually signaling a stabilization. For short-term trading, switch to a long bias at low levels, entering in batches based on the Bollinger lower band support, with light positions to capture the rebound.

Bitcoin: Support in the 60,500-61,000 range, targeting around 62,300
Ethereum: Support in the 1,600-1,635 range, targeting around 1,700
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