6.3 Evening Bitcoin and Ethereum Market Analysis~ Bitcoin is being washed back and forth, can the daily line stabilize above the 106700 resistance?

CN
孟晓瀚
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3 days ago

The strategy updated in the early morning shows that the market started a rebound in the second half of the night, but unfortunately, it was unable to break through.

After today's daily update, Bitcoin has slightly rebounded relying on the MA30 moving average (which caused the TD indicator at the weekly K level to change again, with the TD7 upward trend not being broken). Currently, the daily MA5 and MA10 moving averages are suppressing emotions, showing signs of contraction. However, the current BOLL middle band coincides with the MA10 moving average, making the 106700 level a critical point for bulls and bears in the short term. Looking at the 12-hour chart, Bitcoin is slightly rising based on the MA5 and MA10 moving averages, with MACD starting to show a decrease in bearish momentum below the zero axis, and a golden cross is about to form. The KDJ three lines continue to rise, and the TD indicator shows a bullish arrangement in a rebound trend. As long as the short-term price does not break the support of the MA10 moving average, stabilizing above the daily BOLL middle band at 106700 will continue the upward sentiment, and breaking through 110000 will just be a matter of time. The short-term high point resistance is around 106700; if it stabilizes, the bulls will increase their volume again.

On the 4-hour chart, the current price is running near the upper BOLL band, and the overall trend of the BOLL band is showing an upward trajectory. Additionally, the price is stabilizing above the NA30 moving average, with short-term bullish signs of slight volume increase. Looking at the hourly chart, Bitcoin is leaning towards a slight upward fluctuation, so my personal view for the evening to early morning is to maintain a strategy of buying on dips.

Operational strategy: Buy at 105800 - add at 104800, target: 107000-108500, stop loss: 104500.

Ethereum's overall trend is basically in sync with Bitcoin. Since the daily level is slower than Bitcoin by one cycle, it tends to follow the trend. In the short term, as long as Ethereum does not break below the 12-hour MA30 moving average support, the focus will be on low buying strategies.

Operational strategy: Light buy at 2620, add at 2580, target: 2660-2700, stop loss: 2560.
For the short-term trend, this should be sufficient; I will continue to follow up with tomorrow's daily update.
This personal view is for reference only; there may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy; feel free to like and follow the public account for surprises!

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