Eurozone April CPI MoM Final

Good night, brothers! Ether BTC is back, whether you want to take it yourself or leave it up to yourself, we will discuss the indicators in a live stream tomorrow night at 21:05. If you don't understand, you can also ask in the Gate chat group. Everyone who understands can help answer each other’s questions.

According to the latest market trends, the Bitcoin price has started to rebound after finding support at the 106500 level. Future movements need to closely monitor the performance in the 108000 to 108500 range. If it cannot firmly stay above 108200, the price may again drop to the 106500 level in search of support. In terms of trading strategy, consider setting a sell point near 108500, with a target pullback to 106500. If the price stabilizes below 108200, you can shift to a long strategy, with a target price of 109800. This swing trading strategy needs to be adjusted promptly based on real-time price changes.

Technical analysis and trading suggestions for Ethereum on June 13: From a technical indicator perspective, the current MACD indicator shows that the DIF and DEA lines are below the zero axis, and the green histogram pattern is changing, indicating that the bearish strength still dominates. It is worth noting that the KDJ indicator shows that the K, D, and J values are currently in a low area and are showing an upward trend, which may indicate a certain rebound demand in the market. It is recommended to continue implementing short strategies at high positions. Specific operation reference: consider shorting near the price level of 2760, set the stop-loss around 2790, and the target price range is 2680-2640.

From the recent four-hour technical chart, the market clearly shows a downward trend. The continuous bearish belt hold pattern, accompanied by full bodies and extremely short lower wicks, clearly demonstrates the current dominance of short positions, with evident strengthening of market dumping sentiment. The BOLL indicator shows a downward expansion trend, indicating that market fluctuation is increasing, and bearish momentum is still being released. The downward trend may continue to be maintained in the short term. It is important to note that in terms of technical indicators, the KDJ indicator has entered the oversold region, which somewhat suggests that there may be a technical rebound demand in the market. However, considering the overall bearish atmosphere in the current market, the oversold signal alone is not sufficient to determine a trend reversal. Investors should closely monitor whether the KDJ indicator can form a golden cross signal, as well as whether the price can break through key resistance levels, as this will be an important basis for determining whether the downward trend has ended. Nightly analysis shows that Bitcoin faces pressure in the range of 107500-108000, with a potential target area below possibly reaching 106500-106000. It is recommended to set a risk control point at 109000; Ethereum is under pressure in the range of 2730-2750, with support targets below around 2710-2690. Consider setting a risk control at 2770. Market participants should remain vigilant and manage position risks appropriately.

Early this morning, the Bitcoin technical indicator showed that it is currently in the lower band region of the Bollinger Bands, with significant pressure at the middle band, indicating a weak short-term trend. The price is currently moving along a descending channel, with bearish forces in control. The K value of the stochastic indicator has entered the oversold area, theoretically indicating a demand for a technical rebound, but the overall market sentiment remains bearish, and the technical pattern still favors the bears. From an operational perspective, attention can be paid to short-selling opportunities near 108000, with a stop-loss point set at 108500, and the expected target range being from 106200 to 105500. The market trend still requires vigilance; although there are signs of being oversold on the technical side, the trend direction has not yet changed.