6.22 Evening Market Analysis

Currently, the shipping rates have experienced a rapid decline but have also rebounded to some extent, showing a long lower shadow. The hourly chart has started to stabilize. It is still too early to discuss whether this round of decline in shipping rates has concluded. However, in the short term, using the low point from the spike in the early morning as support for the rebound seems reasonable. The continuous bearish trend on the daily chart also indicates ongoing selling pressure. When pessimism reaches its peak, it often signifies the arrival of opportunities.

Trading Suggestions: BTC around 102000 to 102500, target around 104000; ETH: directly around 2250 to 2270, target around 2350. If the level breaks, we can continue to look upwards. #BTC