6.25 Morning Bitcoin and Ethereum Market Analysis

Driven by the aftereffects of yesterday's positive news, the market initially continued its upward momentum in early trading today, before quickly entering a consolidation phase. Currently, the forces of bulls and bears are balanced, making it difficult to establish a clear one-sided trend in the short term.

Federal Reserve Chairman Powell explicitly ruled out the possibility of a rate cut in July, reinforcing market bearish expectations. The logic of pressure on crypto assets is clear, and a high-altitude (shorting) strategy has support.

Trading Recommendations

Bitcoin: Short in the 106000 - 106500 range, with targets at 104000 - 102000

Ethereum: Short in the 2470 - 2500 range, with targets at 2350 - 2280, adjust flexibly based on Bitcoin's movement.