Evening thoughts on June 23

From a technical analysis perspective, the current market is showing a clear bearish dominant pattern. The daily chart has consecutive bearish candles, with prices continuing to decline and breaking below previous low points, having touched the lower band of the Bollinger Bands, indicating a shift in overall trend from strong to weak, with further extension of the downtrend expected. On the 4-hour chart, the large bearish candlestick has established a short-term bearish trend; even if a rebound occurs, it meets resistance and falls back at key pressure levels. The Bollinger Bands are expanding downward in a waterfall-like manner, the MACD indicator shows a continuous divergence of the death cross, the bearish momentum bars are continuously increasing, and multiple technical indicators such as KDJ and RSI are all releasing bearish signals. In view of this, in actual operations, one should adhere to the principle of trading with the trend, seize the opportunity of price rebounds, and place short orders at high points.

Operating thoughts on Bitcoin: Rebound around 101275-101350 🈳, looking down to 100000, and if broken, looking down to 98100!