Crypto Circle Li Ying: Bitcoin Latest Market Analysis on 6.21

Bitcoin current price is 63,900. Carefully observe the market details; signs of a trend reversal are already faintly visible. In terms of candlestick patterns, the bodies have become smaller in recent days, with frequent appearances of upper and lower shadows, indicating significant market disagreement, as buyers and sellers fiercely compete at the 64,000 integer level. Regarding moving averages, EMA7 is about to cross above EMA30 to form a golden cross, which is a potential short-term buy signal, but it must be confirmed with trading volume. Although the MACD indicator is currently above the zero line, the two lines are moving gently, lacking obvious upward momentum, so caution is needed against “trap” setups. The Bollinger Bands’ convergence is the most noteworthy; the distance between the upper and lower bands is shrinking, and such extreme contraction is usually followed by a sharp one-sided move. The current calm is just the calm before the storm.

Short-term strategy reference:
Buy at 63,300-62,800, stop loss at 62,300, target 64,000 aiming for 65,000
Sell at 64,500-65,000, stop loss at 65,500, target 63,500 aiming for 62,500

Ethereum Latest Market Analysis
Before release, Ethereum’s current price is 1,733. This wave of movement is quite interesting! At 1,733, it is in the recovery stage after a previous sharp drop, but from the candlestick pattern, the rebound strength is gradually weakening. The EMA7, EMA30, and EMA120 lines are now squeezed together, indicating that short-term, medium-term, and long-term costs are roughly the same, and the bulls and bears are temporarily balanced with no clear trend direction. MACD lacks upward momentum, so beware of a pullback risk. Regarding Bollinger Bands, the price is hovering around the mid-band at about 1,710, with the upper band at 1,739 acting as resistance, and the lower band at 1,681 as support. The channel narrowing suggests the market is holding back a big move—either a breakout or a breakdown—so keep a close eye on key levels!

Short-term point references:
Buy at 1,680, defend at 1,630, stop loss at 1,600, target 1,730 aiming for 1,800
Sell at 1,750, defend at 1,800, stop loss at 1,830, target 1,700 aiming for 1,650

All content is exclusively original by Li Ying. Please cite the source when reprinting! Due to the delay in article review and publication, market conditions change rapidly. The above suggestions are for reference only; trade at your own risk.