6.26 Morning Silk Road

From a technical analysis perspective, Bitcoin's four-hour candlestick chart previously displayed a series of consecutive bullish candles, quickly retreating after reaching a key resistance level. After confirming through a reverse test, the market has officially entered a correction phase. It is worth noting that this round of correction has failed to break through the previous high, and the downward momentum is strong, indicating a clear sign of exhaustion in the bullish strength at the high level.

However, from the perspective of the Bollinger Bands, it still maintains an upward arrangement, which means that the medium-term upward trend has not been fundamentally damaged. Against this backdrop, this short-term pullback after the recent surge can be seen as a technical correction of the previous rapid rise. Attention should be focused on whether the subsequent price can stabilize at the key support level.

Bitcoin correction around 108000-108500, looking towards 106800-105500

Altcoin correction around 2430-2470, looking towards 2380-2350