6.26 Cryptocurrency Evening Market Analysis: Rationally Responding to Volatility, Seizing Short Opportunities
In the investment field of cryptocurrency, which is full of variables and uncertainties, market conditions often change rapidly, like the turbulent waves in the mist, concealing both opportunities and risks. In the face of fluctuating trends, only by remaining calm and rational can one clarify thoughts and make precise judgments in the complex and variable situation.
Reviewing Thursday afternoon's market, Bitcoin briefly rose to a high of 108135 before encountering resistance and falling back, reaching a low of 107178, and then entering a period of consolidation; Ethereum also showed a rising and falling trend, with prices slightly rebounding to a high of 2500 before starting to decline, dropping to a low of 2444 by the evening.
From a technical analysis perspective: on the four-hour level, the market turned into a downward trend after consolidation, with the KDJ and RSI indicators all pointing downwards, releasing a clear bearish signal. Although the MACD indicator is still in the positive range, the histogram is continuously shrinking, indicating that bullish strength is rapidly diminishing, and upward momentum is significantly lacking. Switching to the one-hour level for observation, the market is showing a stepwise decline, with prices constantly approaching the lower Bollinger Band, having also fallen below the middle Bollinger Band, which is an important support for bulls. At the same time, the J value of the KDJ indicator has entered the oversold area, suggesting that the market may welcome a technical rebound, but the rebound space is expected to be limited.
Based on the above analysis, it is recommended that evening trading focus on "rebounds for shorting":
• Bitcoin: If the price rebounds to around 108000, consider placing a short position, targeting a price of 105500.
• Ethereum: When the price rises to around 2500, seize the opportunity to short, with a target price set at 2350.
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