Analysis on the morning of June 24

From the four-hour level, the three consecutive bullish candles have paused, with strong resistance from the middle Bollinger Band, indicating we have entered a retracement phase. Key indicators KDJ and RSI both provide clear signals of a downward turn, clearly indicating that this round of retracement has not changed the overall pattern, and the current market is still dominated by the bears. From the one-hour level, the situation shows five consecutive bearish candles, and bearish momentum continues to be released. After the KDJ has formed a dead cross, it remains steady, further strengthening short-term bearish signals. Multiple technical signals are resonating, and the bearish trend is solid. In the evening, we still maintain a bearish outlook; aggressive traders can take small positions to test for a retracement, and if it breaks below the 101,000 level, it would not be too late to follow the trend.

Suggestions

Bitcoin: Look for a range around 103,500-104,200, targeting 101,500-102,500

Ethereum: Look for a range around 2,320-2,360, targeting 2,280-2,240