June 13 Price Action Analysis: Bitcoin surged higher then pulled back. If there’s a dip, consider going long again on the pullback—don’t miss the move and get left behind.

The previous day’s pullback-and-buy plan was profitable; this time, don’t miss out. The pullback-and-long idea remains the same. Bitcoin’s daily chart has held steady above the short-term moving average system. After the MACD forms a golden cross, the red momentum continues to expand and grow stronger. The Bollinger Bands have shifted from narrowing to a slight opening. Price is trading above the midline, breaking free from the earlier weak-market pattern of one-way selling. However, there is relatively heavy sell pressure near the upper Bollinger Band around 73156 and the dense prior positioning zone between 75000-76000. In addition, the EMA120 moving average is still trending downward; the medium- and long-term downtrend has not completely reversed. A rebound needs to break through key resistance levels to open up upside space.

Ethereum’s daily chart is forming the early signs of a short-term upward arrangement. After the MACD golden cross, it keeps moving higher; the red histogram bars are expanding noticeably, and bullish momentum is being released. The Bollinger Bands’ midline has shifted from acting as pressure to acting as support, and price is trading above the midline. Overall, it has transitioned from a downtrend into a consolidation-and-rebound channel. However, there is resistance from the upper Bollinger Band near 2258, and the EMA120 moving average is still trending downward. The medium- and long-term downtrend has not been fully turned around. The rebound needs to break above 2300 to confirm the continuation.

Trading Suggestions:
BTC 70300-70000 long, target 73500 -75000, defense 69000

ETH 2140-2160 long, target 2350- 2500, defense 2100