Yueying: Bitcoin and Ethereum Market Analysis (June 17-18) - Interest Rate Decision Triggers Rollercoaster Price Movement? Short-Term Trading Suggestions Included

On the daily chart, Bitcoin's previous candlestick was resisted near the middle Bollinger Band, closing with a long upper shadow and a bearish reversal. Intraday trading opened lower, continuing the downward trend to test support around the 7-day moving average. The Bollinger Bands are narrowing, short-term moving averages are trending upwards, the MACD fast and slow lines are moving upwards with increasing volume, the KDJ is trending downwards, watch for resistance around the 100 level, and the VR indicator is consolidating around the 30 level. On the 4-hour chart, the price has oscillated downwards, breaking below the middle Bollinger Band and currently trading around the 7-day moving average. The Bollinger Bands are trending upwards parallel to the short-term moving averages, which are narrowing downwards. The MACD fast and slow lines are trending downwards with increasing green volume. The KDJ has found support again at 0 and turned upwards, while the VR indicator is consolidating around the 110 level. Overall, the market trend hasn't changed much. The points mentioned above haven't been broken, so continue using them as a reference. I won't elaborate further. The only thing to watch is the interest rate meeting in the early morning, which will definitely cause short-term volatility. For the short term, continue to follow the above strategy. Resistance is around the previous high; a break above that level would target 69200. Support is around 64000; a break above that level would target 62800. See short-term suggestions. Bitcoin short-term suggestion: Long at 64800, Short at 66800 (Take profits as needed). The long/short strategy given above for Ethereum was slightly off-limits. Intraday price fluctuations are not significant, and the market hasn't broken out of its range yet. Continue to refer to the above strategy for short-term trading. The daily and four-hour technical charts are similar to Bitcoin's, so refer to the short-term suggestions. Ethereum short-term suggestion: Long at 1730, Short at 1830 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and benefit together!