Tuesday, June 17th, Bitcoin Latest Market Analysis

From midnight yesterday to this morning, Bitcoin and Ethereum both exhibited a trend of rising and then falling back. Bitcoin touched a high of 108,900 yuan in the early morning before correcting, while Ethereum oscillated upward from a low of 2,594 yuan to 2,683 yuan, subsequently following Bitcoin's correction.

The four-hour chart shows that after a wave of price increase, the bears sharply descended with a long bearish candle, causing the price to fall below the upper Bollinger Band. The KDJ three lines have turned downward, and the RSI indicator is also declining, indicating that short-term bullish strength is exhausted, with bears gaining dominance and upward momentum being suppressed. Looking at the one-hour chart, the market has seen two consecutive bearish candles approaching the key support at the middle Bollinger Band, the KDJ has formed a death cross and continues to extend downward, with bearish volume continually being released, showing an initial trend of short-term correction. Based on this, the morning trading strategy remains primarily bearish.

Bitcoin can be shorted around 107,500, targeting 105,000; Ethereum can be positioned to short around 2,580, targeting 2,500.