Wednesday Review Summary and Morning Thoughts for 6.17


Market Review: Bitcoin initially oscillated and weakened during the day, descending to a low of 64,525. After the bearish momentum was fully released and funds entered to support, a strong rebound was triggered, pushing to a high of 66,419. After the surge, it faced resistance and pulled back, currently oscillating around 65,902. The recent low rebound has been strong enough, representing a correction after a sharp decline in the short term. The resistance area above is gradually showing selling pressure.
Layout Summary: Four wins out of four trades today, maintaining the low-buying strategy. Gradually accumulating positions steadily, Bitcoin made three trades gaining 2,000 points in space, Ethereum one trade gaining 45 points. We never wait for the market to finish before summarizing; all strategies are disclosed in advance, and predictions are always made before the market starts moving.

Looking at the four-hour chart, the overall Bollinger Bands remain in an upward-opening long-term bullish pattern, with the lower band steadily rising. The previous rally to 67,255 followed by a pullback was just a consolidation in the uptrend. After testing the four-hour middle Bollinger Band, the price quickly stabilized, showing strong support at this key medium- to long-term level. The lower Bollinger Band below forms a solid bottom cushion, indicating no foundation for a deep decline. Currently, the price has stabilized above the four-hour middle Bollinger Band, beginning to recover.
On the one-hour chart, after testing the 64,525 low, bearish momentum was completely exhausted. Heavy buying entered to support, leading to a series of bullish candles and a recovery. The lower Bollinger Band shifted from downward to flat, fully closing the short-term downward space. We should remain cautious of news impacts overnight; maintaining a low-buying strategy is advisable.

Thursday morning Bitcoin trading suggestion: Buy near 65,500-65,000, target up to 67,000;
Ethereum trading suggestion: Buy near 1,760-1,740, target up to 1,810.
BTC0.42%
ETH-0.58%
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