Analysis of Bitcoin and Ethereum Market on June 18: Today’s Highlights of BTC and ETH

Today’s Highlights

BTC formed a double bottom rebound trend at the four-hour level yesterday, and the rebound strength in this process was relatively strong. The four-hour level directly rebounded to the resistance position of 67,200. The closing line at the daily level yesterday was not very good, but sometimes it is at the current support node position, which still gives me reasons to persist. The four-hour level of the day is 65,000, which is a low point established twice. If it is not broken during the day, it will not go to 64,000 or below. This position is the focus today. The upper resistance point remains unchanged. First look at the first resistance position near 67,200. If it breaks through and stabilizes, look at the 68,600-69,000 range, and then look at 72,000 points in the later period.

ETH had an obvious double top resistance at the 3660 level at the four-hour level yesterday, so yesterday it fell back to the 3480 level during the day. The market did have a big pullback at the 3480 level, but this pullback was a rebound caused by the strong support of Bitcoin, and its strength was very weak compared to that of Bitcoin, which led to a collective plug-in of the copycats. However, it reversed and fell again in the early morning, which was very confusing. On the intraday level, the hourly and four-hour levels reached the low support level. Today, we can first look at the rebound resistance level at the intraday level. The first resistance level is 3560, and the second resistance level is 3660-3700, which is a more critical short-term position in the four-hour range.