6.20 Initial Thoughts Analysis
The Bitcoin price maintains a range-bound oscillation during the day, then falls back to around 104000 in the evening from near 105000. Overall, the market remains in a range. The U.S. stock market is closed today, resulting in limited volatility, and the situation in the Middle East is gradually intensifying. Focus remains on the area around 105200 above and 103000 below, with moving averages trending downwards.
Trading Suggestions
Bitcoin: Short at 104500-105000, target 102500-103500
Ethereum: Short at 2510-2530, target 2440-2470
