Morning Analysis on 6.25

From the current analysis of the market, the four-hour MACD shows a significant head and shoulders signal. The fast and slow lines have formed a death cross below the zero axis, while the red momentum bars begin to appear, indicating that the head and shoulders force is accumulating. Combined with the lack of upward momentum when it touched the 106200 position in the early morning, and the significant increase in volume during the subsequent pullback, it is enough to prove that the head and shoulders force is dominant. Looking at the hourly level, the Bollinger middle band has been effectively broken, continuously approaching the lower band, and the Bollinger bandwidth is gradually expanding, further confirming the continuation of the short-term downward trend.

Suggestions

Bitcoin: Around 106500-107000 for a short position, target looking towards 104000-105000;

Ethereum: Around 2470-2500 for a short position, target at 2350-2410. #BTC走势分析