6.16 Double Coin Morning Trading Thoughts Analysis

Double Coin’s current price is 1791. It is temporarily holding steady by leaning on the Bollinger middle band at 1790. After the earlier push up to 1848 touched the Bollinger upper band, it came under pressure and pulled back—indicating that the bulls have taken profits in this phase. The Bollinger Bands are still widening upward, and the overall bullish trend has not been broken. The lower band at 1712 is a strong support for this round.

From a technical indicator perspective, the KDJ has now entered a low-range area. The K-line at 21 and the J value at -2.58 form a mild bottom divergence. In the short term, there is a need for a corrective rebound. The RSI has fallen into the 41 range, leaving the overbought zone, and bullish momentum has weakened somewhat.

Yesterday’s positive news from the US-Iran talks caused “Second Brother” to follow “Big Brother’s” movement and curb the upside. The market lacks incremental capital; it has only been relying on existing funds to pull back and forth. After the good expectation was realized, funds cashed out and exited. In the short term, there is a lack of motivation for sustained upside.

In the morning, Jing Yue believes it still mainly depends on range-bound trading: wait for a pullback near 1715 to buy (“buy the dip”), with an upside target of 1850. #比特币反弹 $BTC $ETH