6.26 Pancake, Evening Market Analysis and Trading Reference

The investment environment in the cryptocurrency space changes very quickly, with prices rising and falling frequently, presenting both opportunities and risks. When we invest, we must remain calm and not follow the crowd blindly.

Today is Thursday afternoon, Bitcoin's price first rose to 108135, then started to decline, hitting a low of 107178, and has since been fluctuating within this range. Ethereum's trend is similar; after rising to 2500, it began to decline and had dropped to 2444 by the evening.

From a technical perspective:

- On the four-hour candlestick chart, the market has begun to move downward. Both the KDJ and RSI indicators have turned downward, indicating a strong bearish force in the market. Although the MACD indicator is still positive, the red bars are getting shorter, which means the bullish force is weakening, making it difficult to push the price up again.

- Looking at the one-hour candlestick chart, the price has been falling steadily and is close to the lower Bollinger Band, having also broken through the important support level of the middle Bollinger Band. However, the J value of the KDJ indicator has entered the oversold zone, and the price may rebound in the short term, but it probably won't rise too much.

Considering these situations, the trading suggestion for tonight is to focus on "shorting on rebounds":

- Bitcoin: If the price rebounds to around 108000, consider shorting, with a target price of 105500.

- Ethereum: Wait for the price to rise to around 2500, and if there is an opportunity, short it, with a target price set at 2350. #币安Alpha上新 $BTC $ETH