Evening Analysis on June 25
Today, Bitcoin had relatively small fluctuations, but overall it is in a state of upward oscillation, especially after noon when it started to gradually pick up, with Bitcoin rising continuously for 7 consecutive hours to 1,071,000. Ethereum failed to keep pace, making a short downward move in the opposite direction but did not drop below 2,400.
Bitcoin's hourly MACD is running close to the horizontal, and the RSI is slightly down, indicating that the bulls are gradually weakening, and there is a possibility of a short-term trend change, but the daily trend still favors the bulls.
On the Ethereum side, the downward trend is quite evident, with signs of the hourly EMA7 crossing below EMA30, and the MACD histogram showing a bearish arrangement, indicating increased downside risk. If it can synchronize with Bitcoin later, it is expected to continue moving upward; otherwise, it may continue to test the downside.
In the evening, pay attention to the key turning point at 105,000/2,350, carefully observing market signals and the remarks from big players. If the upward movement of the bulls is hindered, the market will test the downside again.
Yumi continues to long at low levels and will enter the market after the price reaches a low point; aggressive players can operate short first and then long.
Bitcoin
Long from 105,500-105,800 looking at 107,200-107,800
Ethereum
Long from 2,380-2,400 looking at 2,450-2,480
