June 28th Midday Market Analysis

From the daily chart of Bitcoin, the daily chart is caught in low-level choppy fluctuations, and the weakening market limits the short-term price adjustment space. This week, it has continuously tested the 103000 integer level and remains stable as it rebounds. The weekly and monthly charts have repeatedly tested high points, confirming the highs, and the structure of the adjustment has not yet been completed. The weakening price seeking support still provides significant momentum for Bitcoin to reach new highs;

From the 4-hour chart of Bitcoin, the price has been repeatedly probing between key resistance and support levels, but has not formed an effective breakthrough, making it difficult to break out of a one-sided trend. It has been in range-bound fluctuations. Although it is in a slow rebound phase, a bullish trend is beginning to show signs; From the 1-hour chart of Bitcoin, the price started to decline last night with consecutive bearish candles, dropping to a low of around 103870. It has begun to touch the bottom and rebound upwards, with a slight pullback followed by consecutive bullish candles pushing higher. Currently, the momentum is sufficient, and we maintain our bullish outlook for the future.

Trading Suggestions

Bitcoin: Buy around 104500, target near 105800;

Ethereum: Buy around 2500, target near 2600.