【2024.6.12 BTC/ETH intraday market analysis】

Yesterday, Bitcoin and Ethereum fell to the previous large-scale support level, and bottomed out and rebounded in the early morning. Currently, the 4-hour sideways range is oscillating. Whether the market can continue to rebound today depends on the news tonight. As long as the data is positive, it will take off immediately!

Tonight to the early morning of the three major news events, everyone should pay attention to the time nodes and market changes!

(1) At 8:30 p.m., CPI data will be released. If it is lower than expected, it will be positive. Otherwise, it will be more positive.

(2) At 2:00 a.m., the Federal Reserve will announce the interest rate decision and economic outlook summary (FOMC meeting).

(3) Around 2:30 a.m., Federal Reserve Chairman Powell will give a speech.

The key is to look at CPI, which determines whether BTC and altcoins will fall again. If it continues to fall, it is a good time to buy the bottom in batches and arrange spot. It is better to buy spot during a big drop than to do FOM during an upward trend. Be a mature and rational leek king! #美联储利率决策即将公布

[Intraday market analysis]

$BTC rebounded in 1/2 hour. Pay attention to the position of 67100 today. As long as it does not fall below this position, the small level will rebound. Pay attention to the rebound pressure position near 68030-68450-68850 (stand above 6803 and start to rebound in 4 hours. Small level rise)

If it falls below 67100 today, the 1/2 hour rebound fails and the market starts to turn bearish. Pay attention to the support level below 66666-66000-64900. #BTC走势预测

$ETH Rebound in the current 1/2 hour. Pay attention to the position of 3500 today. As long as it does not fall below this position, the small level will rebound. Pay attention to the rebound pressure around 3550-3585-3633 (stand above 3550 and start to rebound in 4 hours. Small level rise)

If it falls below 3500 today, the 1/2 hour rebound fails and the market starts to turn bearish. Pay attention to the support level below 3464-3428-3355. #ETH🔥🔥🔥🔥