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6.20 Saturday midday market analysis
In the past hour, ETH has been fluctuating within a narrow range, with a slight rally encountering short-term resistance above and then pulling back under pressure, indicating fierce battle between bulls and bears, with trading volume gradually shrinking.
The hourly Bollinger Bands are closing, RSI is in the neutral zone, and bullish rebound momentum is insufficient.
Short-term support below remains solid, while selling pressure above continues to suppress, with no clear trend in the short term, most likely continuing sideways consolidation within the range.
BTC trading suggestion: Short near 63,600 with stop loss at 64,100, take profit near 63,000, and if broken, look at 62,500.
ETH trading suggestion: Short near 1,720 with stop loss at 1,740, take profit at 1,700, and if broken, target 1,670.
In the past hour, ETH has been fluctuating within a narrow range, with a slight rally encountering short-term resistance above and then pulling back under pressure, indicating fierce battle between bulls and bears, with trading volume gradually shrinking.
The hourly Bollinger Bands are closing, RSI is in the neutral zone, and bullish rebound momentum is insufficient.
Short-term support below remains solid, while selling pressure above continues to suppress, with no clear trend in the short term, most likely continuing sideways consolidation within the range.
BTC trading suggestion: Short near 63,600 with stop loss at 64,100, take profit near 63,000, and if broken, look at 62,500.
ETH trading suggestion: Short near 1,720 with stop loss at 1,740, take profit at 1,700, and if broken, target 1,670.