Expert traders' latest technical analysis of the top nine cryptocurrencies.
Disclaimer: This article reflects the author's opinions only and does not constitute investment advice. Cryptocurrency trading carries risks—conduct your own research before making decisions.
Market Overview
The SEC's clarification that Ethereum is not a security triggered a broad market rebound, lifting the total crypto market cap from $265 billion (June 13) to $290 billion (June 15). Bitcoin’s price recovery aligns with historical patterns post-CBOE futures expiry, suggesting potential continued recovery next week.
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Key Developments:
- Institutional Interest: Coinbase launched an index fund for large investors.
- Political Endorsement: Former Trump advisor Steve Bannon publicly endorsed Bitcoin holdings.
BTC/USD Analysis
Current Range: $6,075.04 (support) – $7,755.61 (resistance)
Critical Levels:
- Buy Signal: Confirmed break above 20-day MA (~$7,200)
- Caution: A close below $6,075 invalidates bullish assumptions
RSI Note: Recent rebounds from oversold zones lack momentum—wait for clearer signals before long positions.
ETH/USD Analysis
Price Action:
- Support: $450.1 (must hold to prevent further drops)
- Resistance: $492.5 (breakout needed for recovery)
Outlook: Bearish below $450; optimistic only if descending trendline breaks.
XRP/USD Analysis
Key Levels:
- Resistance: $0.56270 (flipped from support)
- Support: $0.45351 (critical floor—breach could target $0.24)
Trade Advice: Avoid longs until descending triangle breaks.
BCH/USD Analysis
Weakness Signs:
- Fails to touch descending trendline during rebounds
- Breakpoint: $736 (next support at $620)
Action: No buy setups detected—stay sidelined.
EOS/USD Analysis
Rebound Potential:
- Strong Level: $9.0887 (held on June 13)
- Target: $10.3384 (needs MA20 breakout)
Risk: Drop below $9 may lead to $6.
FAQ
Q: Is now a good time to buy Bitcoin?
A: Only if BTC closes above its 20-day MA (~$7,200) with rising volume.
Q: What’s Ethereum’s worst-case scenario?
A: A breakdown below $450 could push ETH to $350.
Q: Which altcoin shows the strongest rebound signs?
A: EOS—if it holds above $9 and breaks $10.34.
Final Notes
Data Sources:
- Market data: HitBTC
- Charts: TradingView
Remember: Markets are highly volatile—adapt strategies as new data emerges.
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