On Saturday, June 21, the long position was cut again in a dream! The short position is coming on strong.
Last night, after the rebound of Umi confirmed the empty Silk Road, the market once again deeply explored, with Bitcoin briefly falling to 102,282 and Ethereum dropping to 2,363. The Kongtou came on strong again, opening up space below, and the downward movement in the early morning has not yet broken the strong support at 102,000/2,350.
Currently, from a four-hour perspective, the market is gradually stabilizing, with a slight rebound. The MACD is still below the level, the histogram shows a bearish arrangement, and the Kongtou is dominant, while the EMA7 pressure is significant, showing no signs of reversal.
Overall, the market is currently in a bearish dominant pattern, with short-term resistance concentrated in the previous range of 104,000-104,500, and support focusing around 102,500. During the weekend, attention is expected to decrease, and market fluctuations may gradually stabilize, allowing for high selling and low buying between support and resistance.
