In this 24-hour operating hunting ground, the biggest enemy is never the fluctuations of the K-line, but the self in the mirror who cannot control their hands. Remember: the market is always open, but your capital will not resurrect infinitely. Maintain a 'bystander' mindset, and view each of your trades with the same calmness as if you were observing others' operations, because the moment you feel you have 'understood' is often when the risk is greatest. In the afternoon, the Bitcoin price peaked around 107300, and this upward movement was within our expectations. We also provided a short position range of 107000 to 107300 in the afternoon, reminding everyone to enter the market and short. Currently, the price is starting to decline, showing signs of a downturn, and the price has pulled back to around 106700.
From the market perspective, the price is currently at the 4-hour Bollinger Band middle track at the critical watershed of 106700. The technical aspects show triple pressure: the 107300 area is not only the upper resistance of the Bollinger Band at 107400 but also the resistance zone of the double top structure from June 17. At the same time, the MACD histogram shows a top divergence signal, confirming heavy selling pressure at high levels. The KDJ has formed a dead cross at high levels, combined with shrinking volume, indicating a depletion of bullish momentum. The current price has fallen below the early rising trend line; if it loses the neckline at 106500, it will form a head and shoulders pattern on the hourly chart, with a downward target of 105900.
Bitcoin strategy: short near 106700-107000, target 105900
Ethereum strategy: short near 2610-2630, target 2565
