Tuesday, June 24, Bitcoin Latest Market Analysis

Yesterday at midnight, the Bitcoin market showed a strong rebound trend. The price rebounded after hitting a low around 99,547, stretching all the way up to a high of 106,050 in the morning. Ethereum's market also saw a rise, with the price climbing from a low of 2,190 to a high of 2,382 during the morning.

According to the current market conditions, the four-hour level shows that after a slight pullback, the market has once again exhibited three consecutive bullish candles, with prices climbing to the upper Bollinger Band. However, it is evident that the upper Bollinger Band is providing strong resistance, preventing prices from breaking higher. The bullish candle's body also has a long upper shadow, indicating that bullish momentum, along with the resistance from above, is gradually diminishing. From the one-hour level, the market shows a strong one-sided upward trend, and the price has broken through the upper Bollinger Band. However, the upward trend has slowed down, and the KDJ indicator's three lines have entered the overbought zone and are showing signs of turning down, indicating a high probability of a market correction in the future. Therefore, in the morning's operations, we will first look for a short position after the rebound.

Short Bitcoin around 106,000, targeting 103,500

Short Ethereum around 2,450, targeting 2,350