Evening thoughts on June 20


Good evening, everyone! 🌙
The midday Bitcoin rose as expected to 106,400 before coming under pressure and now oscillates around 105,800. Observing the hourly chart, Bitcoin broke through the upper Bollinger Band before retreating, indicating short-term overbought pressure. Momentum indicators: KDJ's three lines are diverging downwards at a high level, suggesting a need for short-term adjustment. The MACD red bars continue to expand, with bullish volume still dominating, but divergence must be noted!
I personally think in the evening:
- (BTC): Expected to pull back to around 105200-104400, then look towards around 106200-107100.
- (Ethereum): Expected to retrace to around 2530-2500 before looking towards around 2570-2610.
BTC1.18%
ETH4.17%
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