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$BTC June 14 Market Analysis
Yesterday, Ethereum’s price dipped to a low of 1656 right after the open. Then the levels gradually moved higher, reaching a high of 1686—there was a 30-point upside range, and it was very precisely fulfilled. Yesterday’s resistance was 1700.
This morning, as Bitcoin’s price moved up, Ethereum also reached a high of 1697. However, it was still capped by yesterday’s resistance level and was unable to break above 1700. By midday, it continued to slip to 1676.
On the 4-hour chart, the Bollinger Bands’ upper band turns downward, with the middle band slightly above—indicating today is still a consolidation/choppy range. The idea is to sell high and buy low within 1700-1650.