6.26 Night Market Outlook
The evening candlestick pattern has repeatedly shown long upper shadows, indicating that the bulls have made several unsuccessful attempts to push higher. From a technical perspective, a strong resistance level has formed above the 108000 mark, with prices quickly pulling back each time they reach this area, presenting a clear sign of weakness in upward momentum. Although the price briefly reclaimed key levels during the day, it has consistently failed to hold these levels, indicating heavy selling pressure above. Combining this with daily chart analysis, it is highly likely that the market will continue to face downward pressure. Any rebounds present opportunities for us to short the market,
Bitcoin: Can short around 108100, target at 105600
Ethereum: Can short around 2510, target at 2360
