June 24 BTC Market Analysis & ETH CAO Recommendations
Trump announced in the early morning that Israel and Iran reached a 12-hour comprehensive ceasefire agreement, causing Bitcoin to surge, breaking through $106,000 (daily increase of 5.3%), while Ethereum also rose to $2,440 (+7.8%), with mainstream altcoins such as SOL and DOGE rising by 6%-10%.
In the morning, Bitcoin retreated to a range of $105,000-$105,500, giving back some gains but still holding above the $105,000 level, indicating that the psychological defense line of $100,000 has successfully converted into support.
Technical Analysis
The MACD histogram has turned red and extended, with the 4-hour chart forming a prototype of a 'head and shoulders bottom'. If it breaks the neckline ($105,500), it will confirm a bullish reversal.
The RSI has risen to the neutral zone of 55, with the funding rate turning positive, and the sentiment in the derivatives market has shifted to optimistic.
June 24
Bitcoin: Buy at 103,600-104,100, target 104,600-106,300
Ethereum: Buy at 2340-2370, target 2400-2450
