June 23 Morning Thoughts:

The daily candlestick chart shows that the price has significantly broken through multiple key moving averages, confirming a rebound trend. It is advised to be cautious with short positions. The upper resistance is at the EMA120 moving average and the 2250 price level, and a breakthrough may challenge a new resistance zone. Looking at the weekly chart, Ethereum is facing multiple pressures; the candlestick has not reached a key position, and the MACD has not crossed positively, indicating the market is in a consolidation phase. It is advised to pay attention to the correlation between Ethereum and Bitcoin, and to wait for confirmation of upward momentum before making further moves.

Trading Suggestions:

Long Bitcoin at 100300 - 100800, targeting 101500 - 12500;

Long Ethereum at 2200 - 2240, targeting 2260 - 2300.