June 18th Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights Today
Market Review
Yesterday, BTC experienced a significant correction, exceeding expectations. The impact of geopolitical conflicts is weakening. The 4-hour downward momentum is not strong, with no significant volume, still requiring adjustment. The daily level is waiting for the 4-hour movement, undergoing a healthy repair. The weekly level trend remains healthy, with continued optimism for future market conditions. Focus on fundamental aspects and the Federal Reserve's interest rate reduction process. Expect sideways trading during the day, with a healthy weekly cycle and potential for a new upward cycle
ETH followed BTC with a synchronized decline, showing high volatility. The 4-hour level still needs adjustment, with weak downward momentum, expected to improve soon. The daily level maintains consolidation, keeping within the range, with attention on the 2450 support level
Altcoin sectors declined in sync with mainstream cryptocurrencies. The altcoin index remains low, monitoring mainstream stability before considering entry. The MEME market deserves attention, and SOL's ecosystem heat is recovering, also worth watching
Today's Highlights:
BTC's 1-hour and 4-hour levels are below the healthy range, with the daily level returning to the healthy range. Expect sideways trading during the day, focusing on support level stability. Lower support at 102500-104500, upper resistance at 106000-10660
ETH's 1-hour and 4-hour levels are below the healthy range, with the daily level returning to the healthy range. Expect sideways trading during the day. Lower support at 2430-2480, upper resistance at 2550-2600
Market Review
Yesterday, BTC experienced a significant correction, exceeding expectations. The impact of geopolitical conflicts is weakening. The 4-hour downward momentum is not strong, with no significant volume, still requiring adjustment. The daily level is waiting for the 4-hour movement, undergoing a healthy repair. The weekly level trend remains healthy, with continued optimism for future market conditions. Focus on fundamental aspects and the Federal Reserve's interest rate reduction process. Expect sideways trading during the day, with a healthy weekly cycle and potential for a new upward cycle
ETH followed BTC with a synchronized decline, showing high volatility. The 4-hour level still needs adjustment, with weak downward momentum, expected to improve soon. The daily level maintains consolidation, keeping within the range, with attention on the 2450 support level
Altcoin sectors declined in sync with mainstream cryptocurrencies. The altcoin index remains low, monitoring mainstream stability before considering entry. The MEME market deserves attention, and SOL's ecosystem heat is recovering, also worth watching
Today's Highlights:
BTC's 1-hour and 4-hour levels are below the healthy range, with the daily level returning to the healthy range. Expect sideways trading during the day, focusing on support level stability. Lower support at 102500-104500, upper resistance at 106000-10660
ETH's 1-hour and 4-hour levels are below the healthy range, with the daily level returning to the healthy range. Expect sideways trading during the day. Lower support at 2430-2480, upper resistance at 2550-2600
