Evening Market Analysis and Strategy on June 26

Bitcoin showed a high pullback trend in the afternoon, rebounding from a low of 107470 to a high of 108109 before quickly retreating to around 107188 for consolidation. Ethereum weakened simultaneously, retreating to around 2446 after rebounding from 2466 to 2499.

The 1-hour chart for Bitcoin has formed a bearish evening star pattern, with MACD showing a death cross at a high level and RSI retreating to 42, indicating increased short-term pullback pressure. Key support below is focused on the psychological level of 107000 and the trend support at 106500, while resistance above looks at the rebound high of 107800 and the intraday high of 108100; the 4-hour chart for Ethereum has a long upper shadow indicating clear overhead pressure, with short-term resistance in the 2480-2500 range, and support looking at the intraday low of 2440 and the trend line at 2420. The current market pullback risk is increasing, and it is essential to focus on the defense of key support levels at 107000 for Bitcoin and 2440 for Ethereum. If these levels are broken, it may accelerate the decline, and it is recommended to strictly control positions. One should be alert to the risk of increased volatility around the opening of the US market.

Operation Suggestions

Bitcoin: 106800-107000 range, target at 108000

Ethereum: 2420-2430 range, target at 2460