6.22 ETH Analysis

The one-hour cycle previously relied on the Bollinger Bands to form a bullish wave, rising from 1700.45 to 1749, touching the upper band before bullish momentum exhausted, and the price turned back. The current price at 1725 broke below the middle Bollinger Band at 1732, turning the middle band into short-term strong resistance. The Bollinger Bands are converging, volatility is narrowing, entering a consolidation correction, with the lower band at 1722.57 as the key dynamic support.

After a death cross at a high level, the KDJ indicator is operating below the 50 line, indicating a bearish advantage. The current J value is turning upward at a low level, suggesting a potential short-term bullish crossover. There is a possibility of an oversold rebound in the short term, but without deep overselling, the rebound strength is limited.
The medium-term bullish structure remains intact. The short-term rebound faces resistance at the middle band, and bears are regaining momentum. It is necessary to observe whether the support at the lower band holds. Trading should focus on buying low and selling high within the range, strictly controlling stop-losses to prevent a breakdown into a one-sided trend.

Trading suggestion: 1760-1790 range, targeting 1700-1650. $ETH $GT $BTC #TradFiCFD黄金大师赛 #美伊谈判推迟