Analysis of Morning Thoughts on June 24th

From the current 4-hour candlestick chart of Bitcoin, after a brief pullback, there have been three consecutive bullish candles, and the price has risen to the upper Bollinger Band area. After the rebound faced resistance, it fell again, indicating insufficient rebound strength. The Bollinger Bands are opening downward in a waterfall manner, and the dead cross continues to extend, showing strong bearish momentum.

The upper Bollinger Band has formed a strong resistance level, preventing the price from effectively breaking through. The candlestick has a long upper shadow above the body, indicating that the bullish force has started to weaken after encountering resistance.

Trading Suggestions

Bitcoin: Short at 105500-106200, target 102500-104000

Ethereum: Short at 2420-2450, target 2300-2350