Evening Analysis on 6.9
Firstly, the price has continuously surged away from the middle band of the Bollinger Bands and is currently above the upper band, indicating potential overheating in the short-term bullish momentum. From the overall shape of the Bollinger Bands, the upper band has expanded, but the lower band has not moved up synchronously, suggesting that the upward movement may lack sustainability and there is a technical pullback pressure.
Secondly, from the candlestick structure, after a significant increase at the current high, a long upper shadow has appeared, indicating clear selling pressure above and a weakening of bullish momentum, suggesting potential signs of fatigue in the short-term upward movement. Considering the trend structure and indicator performance, it is currently unwise to blindly chase highs; my personal view leans towards a weakening oscillation in the future, and the operation should primarily focus on shorting at highs, with light positions for testing.
Operational Suggestions:
Bitcoin near 108200-108500, target 107200, stop-loss at 108700
Ethereum near 2555-2570, target 2510, stop-loss at 2575
