Zhou Yanling: 6.16 Bitcoin BTC Ethereum ETH Today's Latest Market Trend Analysis

The big coin has surged to 67200, hitting the 20-day moving average with strong resistance. In the short term, this wave of bulls is quite appealing, but the daily bearish framework remains unchanged, and the price is still under pressure from medium to long-term moving averages. This repair rebound does not count as a trend reversal. The RSI has warmed slightly, and the MACD bearish momentum is shrinking, but selling pressure is building around 67500 and 70000, while 65300 and 63000 below are the key defensive supports for the future. The 4-hour chart is steadily moving up in an upward channel, with continuous higher highs, and the MACD golden cross is maintained, indicating online bullish rebound willingness. However, 67500-68000 is a strong resistance area, and only a breakout with volume can result in a push towards the 70000 threshold; watch the strength of support at 65300 during a pullback. In the 1-hour, the short-term bullish trend is strong with continuous gains, and indicators approach the overbought range, making it easy to see profit-taking and sharp corrections near 68000. 65300 is the key short-term node; falling below this level would weaken the current upward structure.

Zhou Yanling 6.16 Big Coin:

1. Short 67800-67000, stop loss above 68600, target 66000-65300, continue downward to look at around 63700

2. Long 65300-66000, stop loss below 64500, target 67200-68000, continue upward to look at around 69400

Zhou Yanling 6.16 Ethereum:

1. Short 1890-1860, stop loss above 1920, target 1790-1760

2. Long 1760-1790, stop loss below 1730, target 1860-1890

【The above market analysis is for casual reference only and does not constitute investment advice!】

The content of this article is exclusively shared by senior analyst Zhou Yanling (Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and currently focuses on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. The author possesses a solid theoretical foundation and practical experience, specializes in combining technical and news analysis, emphasizes capital management and risk control, and adheres to a steady and decisive operational style, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive execution.

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