June 228th Bitcoin/Ethereum Market Analysis and Trading Ideas
Based on the current market situation, the four-hour level shows that after experiencing a round of increase, the current price is consolidating near the middle band of the Bollinger Bands, with neither bulls nor bears providing a significant range. The market has clearly entered a phase of time for space adjustment. From the one-hour level, the market presents a clear range-bound pattern, with prices alternating between slight downward and upward movements below the middle band of the Bollinger Bands after a certain retracement. Considering that the current market volatility is relatively narrow and neither the bulls nor bears have achieved a substantial breakthrough, we can capture the touch and breakout signals of high and low points for trading in the evening. Before the market breaks out of the range, we can operate with the mindset of high short and low long.
Bitcoin: 107500-107800 short, looking at 106000
Ethereum: 2440-2470 short, looking at 2370
