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Bitcoin, ETH Afternoon Market Analysis and Future Trading Strategies 6/17
The intraday market continues to fluctuate within a narrow range, with bulls and bears repeatedly tugging, and volatility gradually narrowing, appearing to have no clear direction.
Based on the cycle pattern, the current stage is a rally to build momentum and consolidate, waiting for a volume breakout. The trading approach is mainly light positions with low long positions, and avoiding shorting.
Entry reference:
Bitcoin: Buy in batches around 65,000, target 66,500-67,000
ETH: Enter long around 1,760, target 1,840-1,860
The market is moving slowly with a sluggish oscillation rhythm, reducing frequent short-term trades, focusing on swing trading, strictly controlling positions, and managing risk well.
$ETH $BTC