6.13 Friday Morning Market Update for Bitcoin/Ethereum 哆

Affected by market sentiment fluctuations, Bitcoin experienced violent oscillations during the early morning hours. After a brief technical rebound, the downward momentum quickly gained dominance, triggering panic selling in the market, with prices rapidly dropping to the key support level of 103150. The movement of Ethereum closely mirrored that of Bitcoin, with a low point reaching 2534.
From a technical analysis perspective, the Bitcoin daily chart shows a significant selling pressure above, with a solid formation of the resistance line. The current price is below the resistance level with insufficient upward momentum, and it is expected that the intraday market will first maintain a range-bound oscillation in the lower area, followed by a potential technical rebound. Given the increased market volatility, it is recommended to adopt a strategy of selling high and buying low to seize short-term trading opportunities, while strictly setting stop-loss and take-profit levels to enhance profitability.
Operation suggestions:
Big Cake: 103150-103500, look around 104500
Erbing: 2500-2515 Duo looks near 2565
#BTC #ETH