6.6 Early Morning Market Analysis
After the news came out, the market initially rose and then fell, experiencing a false upward movement before starting to decline. After the market was cleaned up, it is currently in a temporary state of clarity.
After the U.S. stock market opened, the three major indices first rose and then fell. Now we are witnessing a real turning point. Currently, the momentum is increasing, and the position of 104000 has been refreshed by the bears, opening up space below.
The hourly Bollinger Bands are overall moving downwards, and in the MACD, the DIF has crossed below the DEA, indicating that in the short term, the market will continue to test the lower support at 102000.
After the stop-loss in the evening, the market continued to rebound in the early morning.
Bitcoin
104800-105000 looking down to 103800-103500
Ether
2600-2620 looking down to 2560-2540