6.24 Early Morning Bull-Bear Contest Attention to Market Volatility
In the evening, there was a contest between bulls and bears. Over here, the bulls made an effort to push up again, but could only hold above 102000 before stalling. Currently, the short-term pressure level at 103000 has not yet been broken through. On the other hand, after breaking 2280, the bears briefly touched 2300.
From the evening market perspective, it is still dominated by bears, with heavy selling pressure above, leading to a failed attempt by the bulls to push up. The hourly MACD indicates weakening bullish momentum, accompanied by a death cross signal.
Additionally, there are no signs of improvement in the evening news. Yumi believes that the early morning may continue to fluctuate between 98000-102000. Geopolitical issues are still ongoing, and although the market has digested some of it, volatility remains. If the bulls cannot stabilize above 102000/2300 in the evening, then the early morning may continue to perform the operation of cutting long positions in a dream, and will further develop downwards.
Yumi will continue to short at highs in the early morning.
Bitcoin
101800-102500 Short looking down at 100500-99500
Ether
2250-2280 Short looking down at 2200-2180
