Bitcoin/Ethereum Market Analysis and Trading Ideas on June 26th

In the afternoon, Bitcoin showed strong momentum, starting a stepwise upward trend during the Asian trading session. After quickly rebounding from the support level of 105950 at noon, bullish forces surged, breaking through the key resistance level of 106800, disrupting the previous consolidation pattern. As the evening trading session commenced, the bullish momentum continued, successfully pushing Bitcoin's price above the 107000 mark. Although there was a slight pullback afterward, the price stabilized above this level and is currently in a state of high-level consolidation. In contrast, Ethereum's intraday movement sharply contrasted with Bitcoin's. While Bitcoin kept hitting new highs, Ethereum faced multiple resistance pressures during its rebound, falling back from its highs and entering a weak adjustment phase, with a minimum drop to around 2400.

From a technical analysis perspective, Bitcoin's daily chart has shown three consecutive days of solid bullish candles, not only firmly standing above the middle Bollinger band but also breaking through the strong resistance area formed by previous highs, demonstrating a strong bullish trend. However, the upward price movement also faces certain pressures, with a significant liquidity gap around the important resistance level of 108500, which may hinder further price rises in the short term. 108500 has become the new key pressure point, and subsequent attention should be paid to the breakthrough at this level; on the four-hour chart, the candlesticks have continuously closed in the green and are running along the upper Bollinger band, which is also rising, indicating that short-term bullish forces are dominant. However, it should be noted that the price has not yet effectively broken through the upper Bollinger band resistance, meaning there is still upward potential in the short term. Our trading idea in the early morning suggests shorting at around 107500-108000, targeting 106000-105000.

For Ethereum, shorting around 2420-2440 is recommended, targeting 2360.