June 26 Evening Market Analysis:

The intraday market once again approached the 108000 level, after two rounds of upward movement, it failed to continue and instead retreated for consolidation. Overall, the cryptocurrency prices are caught in a tug-of-war between bulls and bears. In the afternoon, the market saw changes, with Bitcoin rising to around 108000 before a pullback, currently oscillating near 107000. Ethereum also retreated from above 2500 to around 2450. From the overall market perspective, it still maintains a high-level oscillation pattern, with prices mainly running between 107000-108200 during the day, as predicted in the morning, focusing on testing key points above and below;

On the daily level, the KDJ continues to rise with a golden cross, and the MACD's DIF and DEA are oscillating near the middle axis. According to the current box structure, it is still in a downward box structure. Bitcoin has directly stood above the MA5 daily moving average and has shown a strong signal of green TD1, therefore, after Bitcoin strengthens, Ethereum's rise is just a matter of time. In the short-term 4-hour level, the current KDJ, MACD, and BOLL bullish indicators are resonating, with the main chart's MA5 and MA10 moving averages merging upward. The low MA30 is oscillating upwards, indicating a clear sideways trend on the four-hour chart. The high-level squeeze upward is causing bulls to continuously consume and reduce their volume, allowing bears to take advantage, but price corrections are also a necessary path to maintain overall healthy structure; on the hourly chart, it is still experiencing a process of range convergence. A downward reversal of technical indicators will increase short-term downward pressure, but since it has not broken through the key support level, the bullish trend has not changed.

It seems that the favorable news is strong, but in reality, only the temporary easing of military conflicts has been realized, and almost all other news is of a future-oriented nature. In this case, while it may change the short-term trend, it is not much help for the medium-term perspective. If there is a lack of actual capital support in the short term, the market may likely go down again. Everyone should not hold too much expectation; even if there will be a rate cut in July, the trend will not be evident until the end of the month.

Short-term operation suggestions:

Bitcoin: Buy near 106500-106000, target: near 107800-108500

Ethereum: Buy near 2400-2380, target: near 2460-2480

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