$BTC 6.19 Early Morning Bitcoin and Ethereum Market Analysis ~ The Market is Fluctuating, Declining, and Rebounding; Maintain a Bearish Outlook.

From the early morning of the 18th to the afternoon, Bitcoin made a rebound, with the price touching the resistance level of 105500 before falling back under pressure. Our strategy of high selling and low buying from early morning was effective; we did not catch the low buy, but the high sell yielded a good profit margin. Congratulations to those who followed along.

Currently, the daily candlestick chart has again shown a TD2 bearish trend, with the MA5 daily moving average and the middle band of the BOLL indicator slightly pressing down on the price. The MACD and KDJ indicators are in a bearish divergence, and looking at the 12-hour chart, all indicators still lean towards a downtrend. This indicates that the bearish sentiment is dominant, and the price rebound cannot effectively break through the daily MA5 moving average resistance; we should maintain a bearish outlook.

On the 4-hour chart, the MA5, 10, and 30-day moving averages are collectively pressing down on the price, with MACD and KDJ indicators diverging downwards, which also indicates strong bearish sentiment. Looking at the hourly chart, the current market is inclined towards a fluctuating downtrend. The lower support reference is at: 102500-100500. Overall, Bitcoin is short-term bearish, thus for operations from early morning to morning, my personal view is to focus more on bearish positions, with bullish positions as a supplement.

Operational Strategy: Short in batches at 105000-106000; Target: 103500-102500; if the bearish volume breaks down, we can look towards the 100500 level. Stop-loss: 106200.

Ethereum's overall trend is in sync with Bitcoin, plus the daily trend is slowly mirroring Bitcoin’s cycle; the short-term market also leans towards a fluctuating downtrend. However, due to lower trading volume and resilience compared to Bitcoin, its resistance level is at: 2550-2587. The lower support reference is at: 2430-2360; thus, for operations from early morning to morning, my personal view is to focus more on bearish positions, with bullish positions as a supplement.

Operational Strategy: Short at 2530-2560; Target: 2480-2450; if the volume decreases significantly, look towards the 2360 level. Stop-loss: 2580.

For the short-term trend, this is expected to be sufficient; further updates will follow.