6.27 Market Trend Analysis

Yesterday, BTC's daily chart formed a small candlestick with upper and lower shadows, indicating a weakening of short-term upward momentum. The slight pullback in the morning did not result in a significant breakthrough, suggesting that the current market is in a stage of consolidation, and there will not be a rapid decline or a significant rebound in the short term. Although ETH had some recovery yesterday, it failed to effectively break through the key resistance level of 2520 and subsequently fell back to around 2380. Overall, this round of rebound was mainly driven by BTC, with limited upward momentum from other mainstream cryptocurrencies. If BTC falls below the key support level again, the market may face a new round of adjustments.

Intraday Market Outlook

BTC is currently in a consolidation range, and attention should be paid to the strength of the pullback in the short term. Although the downward space may be limited, the market tends to favor a slow decline. Key support can be focused on the 103500-104500 range; if this area is lost, it may accelerate the decline towards the 100000 mark. The upper resistance is near 108000 on the four-hour chart; if it cannot break through, the market will continue to be under pressure.

ETH's performance is relatively weak, having gradually retreated after reaching the 2520 resistance yesterday, but there was no significant plunge, indicating that bears are gradually applying pressure. Key resistance can be observed in the 2460-2480 range, with support located around 2380; if it breaks below this level, it may further test the 2200-2300 range. Overall, ETH will follow BTC to maintain a trend of gradual decline, and close attention should be paid to the breakthrough of key levels.