Pancake 105378 entry 104667 exit, gained 711 points, profit 7000 oil

June 18 Morning Analysis:

The strategy provided last night resulted in a defense exit, signaling that on the road to success, there will certainly be failures; we must view and treat failures correctly, and if we are not afraid of failures, we will surely succeed; if we fear failures, we will achieve nothing and fail even more.

In the early morning, the market trend met expectations, with Bitcoin's price showing a dip followed by a rise, quickly rebounding after dropping to a low of $103,338, reaching a high of $105,282, and then slightly retracing to hover around $104,600. Ethereum fluctuated in sync, rebounding from a low of $2,543 to $2,542 before encountering resistance and retreating, currently oscillating in the $2,520 range.

From a technical perspective, on the 1-hour timeframe, both Bitcoin and Ethereum prices have broken below the Bollinger Band's middle line, continuing to oscillate in the mid-lower band area, with bears dominating the market, and bulls showing weak rebound strength. On the 4-hour timeframe, although there are occasional single bullish candles, both sides are stuck in a standoff, with prices closely adhering to the lower Bollinger Band, indicating a clear bearish advantage and making it difficult for the market to form an effective breakout in the short term.

Technical indicators further corroborate the market's weak pattern: the short-term moving averages MA7 and MA25 for Bitcoin and Ethereum are entwined, with prices repeatedly oscillating near these moving averages, while the MA99 long-term moving average consistently poses strong resistance, suggesting a bearish mid-term trend. The MACD indicator shows that although Bitcoin formed a golden cross, the volume release is insufficient; Ethereum's MACD golden cross has seen a continuous expansion of the red bars, indicating relatively strong short-term rebound momentum, but it is still crucial to monitor whether it can break through the key resistance level of MA99 to confirm a trend reversal.

Bitcoin: Short near $105,500 - $106,000, looking down to $102,700 - $103,000
Ethereum: Short near $2,540 - $2,560, looking down to $2,460 - $2,480