6.7 Market Analysis

Bitcoin rebounded and broke through the psychological barrier of 105000 after hitting a low point of 100372. It reached a high of 105333, while Ethereum followed Bitcoin's trend, dropping to 2381 before rebounding to a maximum of 2531.

From the current market perspective, the 4-hour level shows that the market is consolidating near the middle band of the Bollinger Bands, with the RSI in the neutral zone at 50, indicating no overselling; however, a drop below 40 could trigger a rebound. If it breaks below the neckline of 103100, it may test the area around 100500. The suggestion remains to sell high and buy low, and if it stabilizes, a technical rebound may be triggered. Strict stop losses are advised, and patience is needed to wait for trend opportunities after a breakout from the range.

Weekend recommendation:

Short Bitcoin near 105900, targeting around 103200. Short Ethereum at 2525, aiming for around 2420.