June 16 BTC, ETH market analysis:

Market Review

Yesterday, BTC remained stable as the impact of geopolitical conflicts weakened. The upward momentum on the 4-hour level is not strong. Pay attention to the breakout situation at the resistance level of 16500. The daily level still needs adjustment, while the weekly trend remains healthy. Focus more on fundamental information, such as the Federal Reserve's interest rate cut process. The expectation for the day is to maintain consolidation, with a focus on observation. In terms of the larger cycle, a weekly golden cross has formed, and a new round of market movement is expected to start.

The second contract follows BTC in a synchronized consolidation, returning above 2500. The 4-hour adjustment state is good, and the daily line is recovering well. Pay attention to the breakthrough situation at the 2650 resistance level.

Highlights of today:

BTC is returning to a healthy range on the 1-hour and 4-hour levels, and the daily level has returned to a healthy range. The expectation for the day is to maintain consolidation, paying attention to the breakthrough of resistance levels. The support level for the day is 104500-105000, while the resistance level is 106000-107000.

ETH is back in a healthy range on the 1-hour and 4-hour levels, and the daily level has returned to a healthy range. The expectation for intraday is to maintain consolidation, with a focus on the breakout situation at resistance levels. The intraday support is between 2450-2500, and resistance is between 2600-2650.