June 14th Early Morning Bitcoin and Ethereum Market Analysis and Trading Strategy
After hitting the bottom on the 4-hour and 1-hour levels, a slight rebound wave was triggered, with bulls slowly recovering, forming a two consecutive bullish candlestick pattern. During this decline, the market was almost given no breathing room for consolidation, so this rebound is genuinely within the normal correction range of the market. Attention should be paid to the recovery situation at 106500; below this level, the bearish trend remains unchanged. During the correction, the probability of regaining the bullish trend is slim, and this rebound is merely a correction rather than a trend reversal, with further declines still possible in the future. In the short term, the main theme of the market is bearish, with the current rhythm being a prelude to rebound correction, followed closely by the continuation of bearish forces and further downward adjustments.
Trading Suggestions
Bitcoin: 105500-105800 range, watch 104500-103500
Ethereum: 2550-2570 range, watch 2500-2460
