June 25 Morning Analysis:

Yesterday, Bitcoin's overall trend fluctuated upwards, maintaining a range consolidation throughout the day. It is currently in a polarized stage, with the MACD fast line having crossed above the slow line, but the slow line has not yet confirmed the crossover. The price continues to fluctuate within the 106,000 range, having tested the upper resistance level and the previous high of $110,655 multiple times, but has not managed to achieve an effective breakout. Both bulls and bears are in a standoff, with upward momentum facing resistance while downside space is also limited. Ethereum is also consolidating in a narrow range, with significantly reduced volatility.

From a technical perspective, the MACD and moving average system on the 4-hour level are releasing bullish signals, but the lack of volume raises doubts about the upward momentum. Caution is advised when chasing highs at the current position, as a doji pattern warns of a potential pullback risk. In the BOLL channel, the candlestick has broken through the middle track and is approaching the upper track, with the Bollinger Bands sloping upwards indicating a strong trend. Key attention should be paid to whether it can break through the upper track and the high point of the 17th; the candlestick combination shows that bulls are building momentum, but the rebound strength is still insufficient, with prices consistently constrained by the pressure of the middle track of the Bollinger Bands. Therefore, it is recommended to continue with a short position this morning.

Trading Suggestions:

Bitcoin: Short near 106600-107200, target around 105500-105000

Ethereum: Short near 2470-2490, target around 2420-2380

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