Market Analysis for the Evening of June 20

Currently, Bitcoin continues to show a volatile trend. The long lower shadow formed during the previous dip on the daily chart confirms the effectiveness of the support below. The 4-hour cycle shows that the rebound momentum is insufficient, and the price has faced resistance multiple times at the key resistance level of 106,500, with bearish pressure being evident.

In terms of technical indicators: The 4-hour MACD shows a low position golden cross between DIF and DEA, but the volume bars have not expanded simultaneously. The bulls are still in a buildup phase and have not yet formed an effective breakthrough force.

Overall Judgment: In the short term, Bitcoin is likely to maintain a range-bound fluctuation, with both bulls and bears continuing to contend at key points.

Trading Suggestions:

- Bitcoin: Enter short at 106,000-107,000, targeting downward to 104,500-103,000

- Ethereum: Enter short at 2,565-2,600, targeting downward to 2,450-2,337