Bitcoin and Ethereum Market Analysis on 6.16: BTC, ETH Highlights Today
Market Review
Yesterday, BTC remained consolidated, with reduced geopolitical conflict impact. The 4-hour upward momentum was not strong. Focus on volume breakthrough at 16,500 resistance level. Daily line still needs adjustment, while weekly trend remains healthy. Pay attention to fundamental information and Federal Reserve interest rate cuts. Intraday expectation is consolidation, mainly observing. On the larger cycle, the weekly golden cross has formed, potentially launching a new market trend
Ethereum followed BTC's consolidation, returning above 2,500. 4-hour adjustment is good, daily line recovery is positive, focusing on breakthrough at 2,650 resistance level
Altcoins synchronized with mainstream consolidation. Altcoin index remains low, waiting for mainstream stabilization before considering entry. ETH-related coins are heavily influenced by ETH, waiting for stabilization. Recently, Binance activities are frequent, with ongoing Alpha points activities that can be accumulated while waiting for the next event. SOL's on-chain activity continues to rise, with potential focus on meme coins today
BTC 1-hour and 4-hour levels return to healthy range, daily line back to healthy range. Intraday expectation is consolidation, focusing on resistance level breakthrough. Intraday lower support 104,500-105,000, upper resistance 106,000-107,000
ETH 1-hour and 4-hour levels return to healthy range, daily line back to healthy range. Intraday expectation is consolidation, focusing on resistance level breakthrough. Intraday lower support 2,450-2,500, upper resistance 2,600-2,650
