6.25 Wednesday Early Morning Latest Analysis

In terms of the current market situation, the market strongly broke through the 106000 mark yesterday early morning, with an excessive momentum in the rebound and severe overbought conditions. Subsequently, the market entered a high-level consolidation phase during the day. Last night's comments from Old Powell were not very substantial, just a bunch of empty talk. Currently, the market has once again entered a wide fluctuation range, and it is important to note that every time it rises to the 110000 mark, there will inevitably be fluctuations and consolidation at that position. 106500 is the key point at this time; if it can successfully break through, the price is expected to continue to rise. In terms of operational strategy, it is recommended to focus on buying on dips.

From the four-hour chart, the Bollinger Bands are gradually contracting towards the middle band, with the upper band opening upwards. Four consecutive doji candles indicate strong resistance at the upper band. Currently, it is fluctuating at a high level around the 105000 mark, with signs of stabilization. If it can break through the 106500 mark in a solid form, the subsequent price could look towards the 108600 range. The operational suggestion is to primarily adopt a low-buy strategy.

BTC: Range 103800-104500, target looking at 106500-108600; if broken, further look towards 110000 and 110800. $BTC

ETH: Range 2390-2430, target looking at 2540-2590; if broken, continue to look towards around 2680-2750! $ETH