Yueying: Bitcoin and Ethereum Market Analysis (June 16th) - Consecutive Upward Rise, Bullish Rebound, Can the Daily Middle Band Be Broken Through?

Bitcoin's daily chart shows a three-day winning streak with the price firmly above the 7-day moving average. Intraday trading opened with a continuation of the upward trend, testing the minor resistance around 67000 (the middle Bollinger Band). The Bollinger Bands are narrowing upwards, with short-term moving averages trending upwards. The MACD fast and slow lines are extending upwards with increasing volume. The KDJ indicator is turning upwards and moving sideways, so watch for resistance around the 100 level. The VR indicator is consolidating around 30. The four-hour chart shows a relatively strong bullish trend in the short term, currently trading above the upper Bollinger Band. The Bollinger Bands are widening upwards, with short-term moving averages trending upwards. The MACD fast and slow lines are extending upwards with increasing volume. The KDJ indicator is turning upwards, so watch for resistance around the 100 level. The VR indicator is consolidating around 120. Overall, the market continues its upward trend, as expected above. The previous analysis suggested a break above 64800 for further upside potential. Since breaking through the 7-day moving average, the daily chart shows a slow upward trend, currently testing the middle Bollinger Band. A break above this level could open up further upside potential, targeting the short-term resistance around 68000. A further break above this level would target the psychological level around 70000. The short-term support level to watch is around 65,000. The key macroeconomic news this week is the interest rate decision on Thursday morning, which is worth noting. Here are some short-term suggestions: Bitcoin: Buy at 65,800, Sell at 67,880 (Take profits as needed). The long position on Ethereum mentioned above has moved approximately $160. The four-hour chart shows a strong bullish breakout above 1800, indicating strong short-term bullish momentum. If it can stabilize effectively, it can continue to rise. The overall technical analysis can be referenced in conjunction with Bitcoin's trend. The short-term resistance level to watch is around 2000, and the support level is around 1700. Ethereum: Buy at 1758, Sell at 1955 (For more cryptocurrency analysis, click the image to see the homepage introduction). —I am Zhou Yueying.