Bitcoin/Ethereum Market Analysis and Trading Ideas on the Afternoon of June 23
From the current market perspective, Bitcoin has formed a doji on the daily chart, and after three consecutive bearish candles, a downward trend characteristic has emerged. At the same time, the Bollinger Bands are turning downward, indicating that the market is still dominated by bearish forces. In the four-hour structure, after a sharp drop in the price, the market has shown weakness without any substantial changes. Currently, there are signs of a rebound from the bottom, but after two consecutive bullish candles, it has faced resistance again at a high level of 101500. The rebound lacks strong continuation. The trading suggestion remains to watch whether the key resistance level above can stabilize, and to look for opportunities to short around the next low point.
Short Bitcoin at 101300-101800, targeting around 100000.
Short Ethereum at 2250-2280, targeting around 2200-2160.
