After Bitcoin hit the 110,000 mark and achieved the target price of 103,000, the bearish forces in the market did not show strong suppression ability, which means the possibility of a rapid and significant decline in the short term is relatively small. Under the current circumstances, the market is likely to enter a short-term volatility cycle, and it is expected to fluctuate widely in the range of 101,000-111,000.
Recently, the buying power has become evident on the trading days, showing initial signs of a rebound. The market is currently closely monitoring the developments in the Middle East situation. If the level of conflict escalation is limited, the market reaction will be relatively subdued; however, if the situation deteriorates severely, it could trigger turbulence in the global markets. Before the situation becomes clear, it is advisable to maintain a mindset of fluctuation, laying out low positions and waiting for rebound opportunities.
On the Ethereum front, the rapid decline from the 2800 region to the target level of 2450 has put pressure on the bulls. Nevertheless, the current market sentiment is slowly improving, and the willingness to buy at lower levels is gradually increasing. It is recommended to follow Bitcoin's rhythm to look for rebound opportunities and adjust strategies after the geopolitical situation becomes clearer.
The current resistance level for Bitcoin is 107,500, and the support level is 103,000. The current resistance level for Ethereum is 2680, and the support level is 2450.
The above analysis is for market reference only. Actual operations require careful risk assessment. Wishing investors smooth decision-making.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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GasWrangler
· 06-16 23:01
hold buy dips
Reply0
TokenomicsTrapper
· 06-15 20:25
Classic bull trap
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LiquidatorFlash
· 06-14 00:50
Pay attention to the security of the collateralization rate.
Market Trend Insights:
After Bitcoin hit the 110,000 mark and achieved the target price of 103,000, the bearish forces in the market did not show strong suppression ability, which means the possibility of a rapid and significant decline in the short term is relatively small. Under the current circumstances, the market is likely to enter a short-term volatility cycle, and it is expected to fluctuate widely in the range of 101,000-111,000.
Recently, the buying power has become evident on the trading days, showing initial signs of a rebound. The market is currently closely monitoring the developments in the Middle East situation. If the level of conflict escalation is limited, the market reaction will be relatively subdued; however, if the situation deteriorates severely, it could trigger turbulence in the global markets. Before the situation becomes clear, it is advisable to maintain a mindset of fluctuation, laying out low positions and waiting for rebound opportunities.
On the Ethereum front, the rapid decline from the 2800 region to the target level of 2450 has put pressure on the bulls. Nevertheless, the current market sentiment is slowly improving, and the willingness to buy at lower levels is gradually increasing. It is recommended to follow Bitcoin's rhythm to look for rebound opportunities and adjust strategies after the geopolitical situation becomes clearer.
The current resistance level for Bitcoin is 107,500, and the support level is 103,000.
The current resistance level for Ethereum is 2680, and the support level is 2450.
The above analysis is for market reference only. Actual operations require careful risk assessment. Wishing investors smooth decision-making.