6.15 Initial Morning Analysis
Ending the weekend's fluctuating market, a new week, a new beginning!
From the 4-hour time frame, it's also very clear that it has been weakening and declining. There have been no effective breakthroughs above or below, and the market remains in a fluctuating state. The Bollinger Bands maintain a contracting shape, with the distance between the upper and lower bands narrowing, waiting for confirmation of the market direction.
Currently, the candlestick has a long shadow, but overall it is still under pressure at the middle band, and the market maintains a weak state. The 4-hour and daily charts are in a downtrend; in this continuously weakening market, once a rebound occurs, it is a good opportunity to short.
Trading Suggestions
Bitcoin: Short at 105700-106300, target 103700-104700
Ether: Short at 2550-2580, target 2480-2510