6.17 Morning Market Analysis

Yesterday, the current mainstream altcoin layout was accurately verified, leading the brothers to reap substantial profits.

Currently, from the four-hour chart perspective, after a significant price increase, the bears have broken the upper Bollinger band with a large bearish candlestick, KDJ has formed a death cross, and the RSI indicator is trending downward, indicating a short-term southward trend with signs of an initial downtrend. The one-hour chart shows a consecutive two bearish candlestick trend, currently retesting the middle Bollinger band. Once it breaks down, further downward movement is expected.

Operation Suggestions

Bitcoin in the 107400-107900 range, targeting a drop to around 105100-104600.

Ether in the 2590-2620 range, targeting a drop to around 2510-2450.