6.21 Sunday midday Bitcoin and Ethereum market analysis and trading suggestions


From early morning to now, the bullish momentum continues to release, with Bitcoin starting a steady upward trend from the low point of 63,136, rising all the way to challenge the resistance at 64,450 before pulling back slightly; Ethereum also began a rebound, maintaining a volatile correction after spiking to a high of 1,749 last night. Overall, the lows are continuously rising, and the pullbacks no longer refresh new lows, with the selling pressure gradually diminishing, and the rebound trend has become clear.
The precise judgment of support based on early morning strategy was effective, with Zhilan directly entering long positions on Bitcoin at low levels, selling the 63,758 short and exiting at 64,356, capturing a 598-point profit. This wave of momentum should have been caught and profited from.

From the market perspective, after Bitcoin broke and stabilized above the key level of 63,700, the lows and highs rose simultaneously, with candlesticks gradually shifting from tentative rebounds to solid bullish candles, indicating that the bulls are regaining control. On the four-hour chart, Bitcoin has approached the dense area of the previous high at 64,700, with continuous bullish candles, and no bearish candles have engulfed the previous bullish candles. The bullish momentum is sufficient, and the bottom structure after the decline has been fully formed below. The 63,700 level has become a strong support zone; as long as the pullback does not break this level, the decline will not further deepen. Ethereum is currently oscillating around 1,715-1,760, with the pullback not breaking below 1,715. The next target challenge is 1,760, or even the 1,800 level. During the small cycle of upward correction, only minor bearish candles appeared, with strong support below and no deep retracement, indicating a healthy upward phase with a benign correction. The rebound rhythm continues, and it is advisable to wait for a pullback to support levels to add longs.
Bitcoin: Buy in the 63,700-64,000 range, target 65,400→66,300
Ethereum: Buy in the 1,715-1,730 range, target 1,760→1,800
#我的Gate交易时刻 $BTC $ETH
BTC-0.38%
ETH1.00%
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