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6.16 Tuesday Morning Analysis: BTC/ETH Silk Dew
From the market structure, the midnight pullback is a normal adjustment within the uptrend. Although bullish momentum is briefly weakened, it has not changed the overall upward trend. On the four-hour chart, there are consecutive small bearish candles consolidating, but trading volume has not increased significantly. On the hourly timeframe, after consecutive bearish candles retrace back to the middle band of the moving average, the buy-side support below remains strong, and the key support levels have not been effectively broken.
Trading suggestions:
Short-term buy (Big Cake) in the 65,500–65,800 range, target 68,000 within the day
Short-term buy (Doggy) in the 1,740–1,760 range, target 1,880 within the day
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