6.12 Morning Market Analysis $BTC $ETH


Bitcoin, on Friday early morning, was affected by news, first pulling back to 62,300 then moving strongly higher, reaching a high of 63,900 before consolidating sideways. Ethereum also rebounded from a low of 1,631 to 1,693.

In the market, on the one-hour chart, the price surged to touch the upper Bollinger Band and then slightly retreated, but the Bollinger Channel is gradually narrowing, indicating weakening bearish momentum, and a short-term moving average is forming a golden cross. This rally was accompanied by capital entering at the bottom, and volume shows the bulls are gathering strength. The current price retested the middle Bollinger Band for support, which is a normal pullback during an uptrend, and it is expected to test the upper band again and break through.

Trading Suggestions
Buy in batches around 63,000~63,300 for Bitcoin, targeting around 65,000-65,500
Buy in batches around 1,660~1,670 for Ethereum, targeting around 1,700-1,750
BTC2.43%
ETH2.23%
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