Bitcoin and Ethereum Market Analysis on 6.21: BTC, ETH Highlights Today
Market Review
Yesterday, BTC experienced a volume-driven decline in the early morning without clear negative factors. Geopolitical conflicts continue to have an impact. The 4-hour volume decline lacks strong downward momentum, with divergence already observed. Further adjustment is needed, and patience is required to wait for a breakout. The daily level still needs consolidation, waiting for a 4-hour level breakthrough. The weekly trend remains healthy. Focus on fundamental information, Federal Reserve interest rate cuts, and expect range-bound movement during the day. The weekly golden cross has formed, potentially launching a new market trend
Ethereum followed BTC's synchronized decline, breaking below the 4-hour oscillation range. The downward momentum is not strong, with a divergence pattern observed. It may break out in the next two days. The daily level remains positive, maintaining range-bound oscillation. Pay attention to stability during the day. Altcoins declined in sync with mainstream cryptocurrencies
The altcoin index remains low, waiting for mainstream cryptocurrencies to stabilize before considering entry. ETH-related coins are heavily influenced by ETH, waiting for stabilization. Binance has been hosting frequent activities, with ongoing Alpha point events. You can accumulate points and wait for the next event. SOL's on-chain activity continues to rise, with increased focus on meme coins
Today's Highlights:
BTC is below the healthy range at 1-hour and 4-hour levels, and daily level is also below the healthy range. Expect range-bound movement during the day, focusing on support level stability. Lower support at 102,500-103,000, upper resistance at 104,500-105,500
ETH is below the healthy range at 1-hour and 4-hour levels, and daily level is also below the healthy range. Expect range-bound movement during the day. Lower support at 2,350-2,400, upper resistance at 2,500-2,550
