6.18 Evening Bitcoin and Ethereum Market Analysis

Today’s price movement still largely aligned with our expectations. In the morning, the price first retraced around 64,700, then briefly stopped falling after dropping to 63,660. Although there was a rebound in the afternoon, it did not reach the resistance zone we mentioned earlier. The trend on the Ethereum side was basically synchronized, just with subsequent fluctuations narrowing and gradually weakening.

In the short term, the momentum of the dip is being released. On the 1-hour chart of Bitcoin, the middle band of the Bollinger Bands continues to slope downward, but the band is narrowing. For a short-term rebound, Bitcoin needs to stabilize above the middle band and break through the resistance zone with increased volume. Conversely, in this sideways environment, the dip may test lower support levels with increased volume. Our current strategy remains unchanged, mainly focusing on the early morning bullish outlook. We can wait until the U.S. stock market opens tonight before making further decisions. #沃什首秀美联储利率不变 $BTC