6.27 Afternoon Analysis
In the four-hour K-line pattern observation of Bitcoin, at the 108900 level, it resembles a high-hanging resistance barrier, repeatedly launching upward attacks but all returning defeated. This repeated probing without breaking through clearly displays the strong defense line constructed by the bears at this position, indicating significant pressure in the short term.
Although the overall trend of the market is upward, it is necessary to accurately assess the pullback opportunities when seizing chances. However, the secondary death cross below and negative MACD values continue to favor the bearish trend.
Operation Suggestions
Bitcoin: Bearish around 107900-108800, watch 107000-106200
Ethereum: Bearish around 2470-2520, watch 2420-2380
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