Market analysis on June 16:

The weekend has predicted limited market fluctuations, and the daily line may be in a sideways consolidation. The current trend validates the expectation, with the previous two days forming a top-bottom pattern. In the future, pay attention to key price levels, and short-term trading can be around the range.
The weekly closing saw Bitcoin forming a doji, while Ethereum displayed a true bearish and false bullish combination, with both still in a weekly sideways range. After breaking the daily sideways range, the market is expected to find balance again in the weekly oscillation area.
In-depth analysis of today's market

Big Pie

Last night, the price of Bitcoin accurately dropped to the first support level analyzed the day before and quickly rebounded. Today, it is crucial to pay attention to the key defense line at 105200. As long as this price level is not breached during the retracement process, there is hope for triggering a new round of upward momentum in the short term, which will further release the rebound energy on the 4-hour level. The resistance levels above are focused on 106120, 107000, and around 108365.

If the price effectively breaks below the key support level of 105200, the 4-hour rebound structure will be declared invalid, and the price may further drop in search of support. Key support levels to pay attention to below are 104330, 103480, and 102620.

concubine

Ethereum's price movement last night also rebounded after touching the first support level. The price level of 2532 has become a key point for the bulls and bears to contest today. As long as the price can stabilize above this level during the pullback, the short-term bullish pattern will continue, potentially driving a rebound in the 4-hour timeframe. The resistance levels above are sequentially 2580, 2610, and around 2640.

Once the price falls below the important support level of 2530, the rebound trend on the 4-hour level will come to an abrupt halt, and the price may enter a downward adjustment phase, with key support levels to watch being 2490, 2460, and 2430.

SOL

In today's morning session, SOL has shown strong rebound momentum. The key price level to focus on is 153; as long as the price remains above this level during the pullback, the short-term bullish pattern will continue, and the price is expected to maintain an upward trend. The resistance levels above are 157, 160, and around 163.

If the price breaks below the key support level of 153, the hourly uptrend may end and enter a correction phase. Key support levels to watch below are 150, 147, and 144.