Friday, June 20: Latest Bitcoin Market Analysis

The midnight market showed a narrow fluctuation for Bitcoin, with the price first dipping to a low of 103,870 before rebounding, and the market then reached a high of 104,795, subsequently oscillating around this range. Ethereum's market initially dipped to a low of 2,485 at midnight before starting to rise, with the price climbing to a high of 2,532 early in the morning.

According to the current market situation, the four-hour timeframe shows a slight rebound with two consecutive bullish candles, but the overall price has not moved out of a larger range, and a long upper shadow remains above the bullish candlestick body, indicating that selling pressure still exists in the short term. The middle line of the Bollinger Bands is also maintaining a downward trajectory, suggesting that the overall trend has not undergone substantial changes and remains bearish. From the one-hour timeframe, the market stopped at the middle line of the Bollinger Bands after a three consecutive bullish candle rebound, and the price subsequently retreated. The RSI indicator has shown a downward turn, and the MACD lines have not returned above the zero line, so in the morning operations, we still maintain a bearish strategy after the rebound.

For Bitcoin, consider shorting around 105,300 with a target at 103,000.

For Ethereum, consider shorting around 2,550 with a target at 2,450.