June 17 Midday Market Outlook

$BTC Viewpoint:
This Bitcoin really can shake the market! Swinging 500 points all night, I’m convinced. Although Bitcoin has pulled back, it hasn't broken below the support at 65,467, but has been moving sideways within the range of 66,910 to 65,467. Within this range, an M-head pattern has appeared, with the neckline at 65,467 as support. As long as this support doesn’t break and the hourly M-head pattern isn’t confirmed, the pattern cannot be validated. Without the M-head pattern, the decline cannot be extended. Only if the M-head pattern forms can we see a pullback down to 63,831. Currently, the 65,467 support won’t be easily broken because this level forms a triple support: first, 65,467 itself; second, the lower boundary of the range, which also corresponds to 65,467; third, the bullish trend line indicated by the red arrow, which also aligns with 65,467. This triple support makes it unlikely to break easily. If it really wants to break yesterday, it should have done so already, rather than lingering here. You can also interpret it as some big players preventing it from falling, with institutional support. For Bitcoin to rise, it must break through the midline of the range at 66,233 to continue the rebound, targeting the upper boundary of the range and the previous high. If it cannot break the midline, it will continue to consolidate between 66,233 and 65,467. Currently, there’s no trading opportunity; the only options are to buy high and sell low around the range or to stay on the sidelines.
Buy on volume breakout above 62,233, chase longs on the right side; if it breaks below 65,467 with volume and rebounds, avoid chasing shorts, and set proper stop-losses.
Bitcoin on the hourly chart: break above and hold 66,233, aiming for 66,910-67,297; if it cannot go above 62,233, it’s useless.
On the 4-hour chart: break below 65,333, look down to 64,460-63,788.
Resistance levels above: 66,233 - 66,910 - 67,297
Support levels below: 65,333 - 64,460 - 63,788
$ETH Strategy:
Second Bitcoin (ETH) volume breakout above 1,807, chase longs on the right side, stop-loss on the return.
Break below 1,778 with volume, chase shorts on the right side, set stop-loss.
Retest 1,734 to confirm support, add one more long,
Break below 1,697, stop-loss.
Second Bitcoin on the hourly chart: stabilize above 1,807, target 1,849-1,892.
Watch for a short opportunity at 1,892, break above 1,921 to stop-loss.
Left-side order: buy at 1,667, stop-loss if below 1,637.
Resistance above: 1,807 - 1,849 - 1,892
Support below: 1,761 - 1,726 - 1,697
On the 4-hour chart: break below 1,765, look down to 1,716-1,667.
When can Second Bitcoin break through 1,813 and go up? If it can’t break through, it will continue to play inside the triangle! Only a break below the triangle will lead to a pullback. End of analysis.
$BTC