Market observation on the morning of June 20

In the early hours of today, after the cryptocurrency prices dipped to the 103945 area, they quickly rebounded, reaching a high of 104795. Currently, the price is fluctuating around 104600 with narrow adjustments. Our bullish strategy deployed at 104910 in the early hours yesterday has once again yielded a profit of 900 points. Although the recent price fluctuations have narrowed compared to the previous days, the trading rhythm is still precisely grasped.

Analyzing the four-hour cycle, the price trend shows an alternating pattern of gains and losses, with both bulls and bears continuously competing. The price has neither broken through the upper resistance level nor fallen below the lower support level, and a clear one-sided market has yet to form in the short term. Although the current rebound trend is relatively slow, bullish signals have begun to gradually emerge. From the 15-minute cycle perspective, the price has broken through the Bollinger Band middle line twice, and is currently oscillating near the upper line. The Bollinger Band opening has turned upwards, indicating that bullish strength is gathering, and the counterattack signals are becoming increasingly obvious.

Operational suggestions: BTC can consider placing long positions in the range of 104300-103800, with a focus on the performance at the resistance level of 105500; ETH can look for bullish opportunities in the range of 2510-2480, paying attention to the reaction at the resistance level of 2580.