Analysis for the afternoon of June 17


Today’s main focus is on the Federal Reserve’s direction. Currently, there is a volatile trading pattern during the day, allowing for buy low and sell high trades.
The current price is 65,587.50, which has slightly broken below the lower Bollinger Band at 65,590.55, indicating a short-term oversold zone; after a previous rally reaching the upper band at 66,014 and facing resistance, it fell back, forming a large bearish candle with a rally-fall pattern.
​Track status
The Bollinger Bands are slightly widening, indicating increased short-term volatility and growing bullish-bearish divergence; the midline at 65,802 forms a short-term strong resistance level, serving as the first hurdle for a rebound.
​K-line structure
In the 15-minute cycle, continuous bearish candles appear, with very weak bullish rebound strength, and the highs gradually moving lower, indicating short-term bearish dominance; however, after the price breaks below the lower band, there is a technical correction rebound demand. Therefore, during the day, traders can focus around 65,200-66,200, and once a breakout occurs, stop losses promptly and wait for a clearer direction in the evening, then notify everyone #BTC #ETH #BTC走势分析
BTC-2.37%
ETH-0.94%
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