mt logoMyToken
ETH Gas
EN

Yueying: Bitcoin and Ethereum Market Analysis (June 22nd) - Strong Bullish Counterattack? If Resistance Fails, Continued Downward Outlook Expected.

2026-06-22 10:08:18
Shareshare
The short position in Bitcoin, as mentioned above, has moved over $1200. Looking at the daily chart, the previous candlestick closed bearish, and the price is consolidating in a narrow range around the middle Bollinger Band. Intraday, the price opened above the middle Bollinger Band again, testing the resistance around the 7-day moving average. The Bollinger Bands are narrowing, and short-term moving averages are slightly downward. The MACD fast and slow lines are extending upwards with increasing volume. The KDJ is turning upwards; watch for resistance around the 50 level. The VR indicator is consolidating around the 30 level. On the 4-hour chart, the price rallied to the upper Bollinger Band in the morning but encountered resistance, forming an upper shadow and pulling back. Currently, it's trading above the middle Bollinger Band around 64000. The Bollinger Bands are trending upwards parallel to the short-term moving averages. The MACD fast and slow lines are moving upwards with decreasing red volume. The KDJ is turning upwards, testing resistance around the 50 level. The VR indicator is consolidating around the 100 level. Overall, after the weekend's consolidation, the market is currently trading within a range without significant changes. The candlestick pattern is also flat. The morning's rebound failed to break through short-term resistance. The first resistance level to watch is the previous high. This week's weekly resistance is around the moving average, approximately 69300, a key resistance area this week. Failure to break this level suggests a downward trend. Short-term support is around 62800, and resistance is below 66800. Intraday trading should be based on whichever side trades first. See short-term suggestions. Bitcoin short-term suggestions: Buy at 63300, Sell at 66300 (manage profits as needed). Ethereum found support at 1700 and is consolidating upwards within a narrow range today. The daily and four-hour technical charts can be used as a reference for Bitcoin's overall trend. The short-term resistance level to watch is the previous high. Failure to break this level suggests a continued downward trend. Support is around 1680. See short-term suggestions. Auntie's short-term trading advice: Buy at 1700, sell at 1810 (For more cryptocurrency analysis, click on the image to see the homepage introduction and find Yueying to communicate) ——I am Zhou Yueying.
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
More exciting content is available on
X(https://x.com/MyTokencap)
or join the community to learn more:MyToken-English Telegram Group
https://t.me/mytokenGroup