Friday Evening Bitcoin and Ethereum Analysis Summary

As of June 27, Old Wang reviews the market conditions to give everyone a better understanding of the real market. The overall trend for Bitcoin during the day is a positive oscillation downward. After a rise to the high point around 108,000, it began to continuously test support levels, with the lowest point around 106,500. Ethereum experienced oscillation and saw its highest point rise to around 2,460 in the evening before also starting to test support levels.

Throughout the day, Old Wang suggested a strategy of shorting at high positions, and the market largely fulfilled this. This is the intraday trend derived from Old Wang's technical analysis. Of course, some friends might not believe Old Wang and think his logic is lacking; Old Wang himself also feels he isn't skilled at verbal communication. However, from his daily analyses, it's clear that his thought process is correct. While you may still hesitate and slander Old Wang, I have already completed the capital turnover plan with those who followed along.

Looking back at the real market, the daily level shows a trend of a downward channel, and the 108,000 level may become a top resistance. From the hourly level, the downward channel is even more evident, continuously testing the support levels below, and bullish momentum is starting to wane, with bears beginning to take control of the market. We need to pay attention to the information regarding a support level below, with a short-term focus on the 106,000 support level. Old Wang reminds us that if there is no strong breakthrough of the support level, a rebound trend will form.

Combining Old Wang's technical analysis above, we can still maintain a strategy of shorting at high positions. For Bitcoin, first watching the pressure situation at 106,000; if effectively broken, then looking at 105,500. Ethereum should simultaneously monitor the support level between 2,380-2,350.

Operational Suggestions:

Short Position Strategy

Short Bitcoin around 107,500, targeting 106,000.

Short Ethereum around 2,450, targeting 2,380.