BTC and ETH Technical Analysis for Next Week: Three Scenarios Outlined

iconAiCoin
Share
AI summary iconSummary

Click the link to join the meeting: https://meeting.tencent.com/dm/2Nsj6JUC400g Hello everyone, I’m Teacher Pao. Today is Saturday, and the market is still consolidating—but we shouldn’t follow the sideways movement. Tonight at 9 PM, I’ll be live, and the focus won’t be on the minute-by-minute fluctuations, but on the full strategy for next week. · BTC: On its fifth day of consolidation, trading in a narrow range between 63,000 and 64,000. Key levels: resistance at 64,500, support at 62,500. · ETH: Also consolidating in sync between 1,650 and 1,700, with weaker rebound strength compared to BTC; still under pressure from moving averages on the daily chart. Key levels: resistance at 1,720, support at 1,600. Weekend Reminder: Liquidity is low; if a breakout occurs over the weekend, price movement will likely be faster than usual. But our focus isn’t on gambling on the weekend—it’s on pre-emptively modeling three possible scenarios for next week and preparing corresponding position plans. 【Three Scenario Projections for Next Week】 Scenario 1: Bullish Breakout (BTC above 64,500 / ETH above 1,720) · Technical implication: Formation of a double bottom pattern on the daily chart, signaling a potential reversal rather than mere retracement. · Next week target: BTC 66,000–67,000; ETH 1,800–1,820 · Strategy: Add positions in tranches after a pullback confirms the breakout; place stop-loss below the low of the breakout candle. Scenario 2: Bearish Breakdown (BTC below 61,500 / ETH below 1,600) · Technical implication: Consolidation serves as a continuation pattern leading to a second test of lows. · Next week target: BTC 59,000–60,000; ETH 1,500–1,550 · Strategy: If already long, strictly cut losses. If flat, wait for signs of stabilization before acting—do not catch falling knives. Scenario 3: Continued Consolidation (Range-bound through mid-next week) · Technical implication: Ongoing stalemate between bulls and bears, awaiting clarity from the June 17 FOMC meeting. · Strategy: Trade within the range (BTC: 62,500–64,000 / ETH: 1,630–1,700); maintain light positions and avoid betting on direction. 📌 Key Event Next Week June 17 (Tuesday): FOMC Interest Rate Decision — the market’s primary catalyst. Prior to this, price action will likely remain range-bound in anticipation. Tonight, no emotions—only levels and plans. See you at 9 PM. Let’s map out next week’s moves in advance. Disclaimer: The above content reflects only the author’s personal opinions and is intended to assist investors in understanding relevant capital market information. It does not constitute any investment advice and does not represent the official stance or views of AiCoin. Investing carries risks; please exercise caution.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.