6.20 Bears Win All!
Evening volatility halted, and after being resisted on the upside, the market slightly corrected.
After the U.S. stock market opened, the Nasdaq opened high, indicating a generally optimistic market sentiment, which may continue the upward trend in the short term, but the trading volume has not yet increased, and prices are temporarily facing resistance to upward movement.
Bitcoin has retraced below 105,000, and Ethereum has also dropped to around 2,500, while Yumi's rebound confirms the bearish trend.
Currently, the hourly MACD DIF has crossed below DEA, and both RSI and KDJ show a downward extension trend, indicating that bearish momentum is gradually emerging. The market is expected to continue a stepwise downward pattern.
Pay attention to support levels at 103,500/2,480. If these are broken, there is a further risk of the market probing lower levels.
In the afternoon, friends who are shorting with Yumi can consider reducing their positions by half or continue to hold based on their own situation, paying attention to the changes in the support level and the volatility range to guard against a bullish counterattack.
