Evening Thoughts on June 19

From the current 4-hour candlestick trend, the Bollinger Bands show a clear narrowing pattern, indicating that the price has entered a narrow range consolidation phase, with a short-term trend showing a neutral to weak pattern. In terms of technical indicators, the DIF and DEA lines in the MACD continue to operate below the zero axis, clearly indicating that the market is still dominated by bearish momentum; however, the histogram has not significantly enlarged, suggesting that current bearish strength has not reached an extreme level. The RSI is in the neutral zone, and this reading highly corresponds with the current oscillating market characteristics, with no obvious unilateral trend formed in the market. We will also maintain our bearish rebound outlook unchanged.

Bitcoin: Short near 105000-105300, short-term target 103500

Ethereum: Short near 2530-2545, short-term target 2470-2479-7513