6.26 Daily Bitcoin and Ethereum Market Summary

Tonight's market did not follow the pattern of the previous two evenings, heading toward the previous low after the U.S. stock market opened. However, the overall intraday volatility was still not small, with Bitcoin fluctuating roughly within the 58300-60500 range. Although the price bounced back above 60500 in the afternoon, the volume did not follow up at that time, failing to form an effective stabilization later. By the evening before the U.S. stock market opened, the price saw long and short wicks, and the bearish trend we were optimistic about did not follow through after the U.S. stock market opened. Ethereum, on the other hand, dropped to 1510 with volume near noon, but still failed to break the previous low of 1503. However, the rebound above did not successfully stand above the 1600 mark.

In the short term, bullish momentum continues to strengthen. On the 4-hour level, KDJ is diverging upward from the middle position, while the MACD shows weakening bearish momentum, with the fast and slow lines about to form a golden cross underwater. However, the current price is still within the downward channel constructed by the middle and lower Bollinger Bands. Therefore, in the early hours of Saturday, we can first observe the sustainability of the rebound. 61000 is the first position for the bulls to reverse the trend, and we still need to note the possibility of a pullback at this level. If the short-term bearish momentum is suppressed by the bulls, the weekend market may likely trend upward in a volatile manner. For Ethereum, the key resistance level to watch remains the 1600 mark. If there is no volatility, there is no need to waste time in a trend that is neither rising nor falling; it might be better to take a small break and rest. $BTC #美光市值超越Meta跻身全美前十 $ETH