6.23 Monday Morning Thought Analysis

From the hourly technical perspective, the price of Bitcoin has broken below the lower Bollinger Band, and both the middle and lower bands are trending downwards, clearly indicating a strong bearish trend with sufficient short-term downward momentum. However, due to the price being oversold, there may be a certain degree of rebound in the short term. It is important to focus on the breakthrough and stabilization of the key 100,000 level. Although the current price of Bitcoin has broken through the 100,000 mark, if it holds that point during the day, the rebound could continue. The recent market has seen significant fluctuations, so please pay attention to risk control.

Trading Suggestion: Buy Bitcoin near the current price of 100,400-100,100, with a target of 102,600-103,000 for short selling.

Ethereum Trading Suggestion: Buy near the current price of 2,200-2,210, with a target of 2,360-2,380 for short selling. #BTC $BTC