June 17th Bitcoin and Altcoin Market Analysis



On the morning of June 17th, the overall bearish pattern for BTC and ETH is clear. The prices are under pressure below the 20, 50, and 200-day moving averages, with the moving averages arranged in a bearish alignment. The strong resistance zone is between 66,800 and 67,000, and rebounds face obvious selling pressure, indicating only a continuation of the decline. The MACD is below the zero line in the bearish zone, with the green bars slightly narrowing and no golden cross, showing no reversal momentum for the bulls. The current rebound volume is shrinking, forming a bearish flag pattern, and after consolidation, the probability of further decline is higher; RSI remains weak between 33-38, with limited room for a rebound.

Bitcoin at 66,000-66,500 is bearish, with watch levels at 64,000 and 63,000;
Altcoin at 1,800-1,830 is bearish, with watch levels at 1,750 and 1,700.
BTC-1.82%
ETH-2.18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned