The daily chart of BTC shows that on June 17, a large bearish candle (high position retracement) appeared, followed by two days of slight rebounds. However, overall, it remains in a consolidation phase after a decline. The 4-hour chart has recently shown continuous long upper shadows and short body candlesticks, indicating heavy selling pressure above, with clear divergence. In the 4-hour cycle, both DIF and DEA are operating below the zero axis, and the histogram remains in negative territory, suggesting that the current market is still biased towards weakness. The price has broken below EMA7, EMA30, and EMA120, and EMA7 has crossed down through EMA30, forming a death cross. The short-term trend remains under pressure, and it is recommended to enter high positions during the day.
Operation suggestion: Buy BTC around 105300 to 105800, target around 103500; Buy Ether around 2630 to 2660, target around 2460. The article is time-sensitive, and the market conditions are constantly changing. Friends entering the market should follow real-time guidance as the main focus #Gate最新储备金104.53亿美元创安全新标杆 #GENIUS稳定币法案通过 #美联储6月利率决议 .
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Xiaoyao KOL: BTC Ether midday market analysis 6.19
The daily chart of BTC shows that on June 17, a large bearish candle (high position retracement) appeared, followed by two days of slight rebounds. However, overall, it remains in a consolidation phase after a decline. The 4-hour chart has recently shown continuous long upper shadows and short body candlesticks, indicating heavy selling pressure above, with clear divergence. In the 4-hour cycle, both DIF and DEA are operating below the zero axis, and the histogram remains in negative territory, suggesting that the current market is still biased towards weakness. The price has broken below EMA7, EMA30, and EMA120, and EMA7 has crossed down through EMA30, forming a death cross. The short-term trend remains under pressure, and it is recommended to enter high positions during the day.
Operation suggestion: Buy BTC around 105300 to 105800, target around 103500; Buy Ether around 2630 to 2660, target around 2460. The article is time-sensitive, and the market conditions are constantly changing. Friends entering the market should follow real-time guidance as the main focus #Gate最新储备金104.53亿美元创安全新标杆 #GENIUS稳定币法案通过 #美联储6月利率决议 .