6.25 Afternoon BTC, ETH Silk Road Analysis
In the morning, Bitcoin moved slightly upward, but the momentum was insufficient, with the price reaching around 106768, while Ethereum continued to hover around 2450.
Currently, various indicators at the hourly level are developing horizontally, and it is expected that the market will move in a sideways consolidation pattern in the short term. The four-hour candlestick chart shows a continuous rise of 7 bullish candles, and the MACD also indicates a bullish arrangement. If the bullish trend continues, the price is likely to further head towards 108000. After a high surge, a short-term pullback and consolidation are normal phenomena. The situation today is similar to yesterday, with basically no significant fluctuations, and the main players are optimistic about changes in the evening. Short-term buying can look for low positions to enter stealthily.
In the afternoon, Yumi's Silk Road continues from the morning:
Bitcoin
Target 105800-106100, with a goal of 106800-107200.
Ethereum
Target 2420-2440, with a goal of 2480-2500.
