6.16 Evening Trading Ideas

$BTC In the afternoon, Bitcoin surged again to around 67,000 but failed to break through and then weakened, remaining in the 66,300-66,800 range throughout the evening; Ethereum weakened in the afternoon to a low of 1,757, then resumed an upward trend in the evening, reaching a high of 1,839. Based on the bullish strategies provided in the afternoon, we have positions: buy Bitcoin at 65,900 and take profit at 66,800, gaining 900 points; buy Ethereum at 1,770 and exit at 1,830, gaining 60 points. Maintain independent judgment, do not be swayed by short-term noise, adhere to a steady and cautious trading logic, and time will prove every objective and rational analysis. Patience and discipline in following the trend allow us to calmly capture each favorable market move.

On the 4-hour chart, the overall channel remains an upward-opening structure, with the midline continuously slanting upward, and the lower band slowly rising in sync, indicating a complete medium- to long-term bullish framework. After a previous correction to the lower Bollinger Band, the market quickly reversed with a strong rally, confirming solid support at the bottom of the larger cycle. The Bollinger middle band is the key indicator of strength and weakness at this stage; as long as the 4-hour chart does not effectively break below the middle band, the current upward trend will not be broken. The lower band continues to rise, with support levels steadily increasing, indicating no deep bear market or one-sided sharp decline conditions. Overall, this is a consolidation phase within a bullish trend. The 1-hour chart shows a clear tightening of the channel, with the upper and lower bands narrowing, signaling reduced market volatility and intensified battle between bulls and bears.

Tuesday night Bitcoin trading suggestion: buy near 66,000-65,500, target up to 67,500; Ethereum trading suggestion: buy near 1,800-1,770, target up to 1,860.