6.19 Initial Afternoon Thought Analysis
From the 4-hour chart, after the price rushed to a high position, it quickly fell back, and is currently in a low-level fluctuation, showing signs of a shift from bullish to bearish overall.
Regarding the timing for shorting, if the price rebounds with weak momentum and fails to break through the resistance area transformed from previous important support, and the trading volume during the rebound does not significantly increase, it indicates insufficient buying power in the market, which suggests considering entering a short position. Alternatively, if the price breaks below the current key support level, it means the lower support has been breached, and the market may begin a new round of decline, at which point it is also advisable to short in line with the trend.
Trading Suggestions
Bitcoin: 105200-105700 short, target 103000-104000
Ether: 2530-2560 short, target 2460-2500