6.28 Saturday Morning Bitcoin Analysis

Yesterday's market has all played out, with Bitcoin reaching a daily high of 1080 and a low of 1063, while Ethereum fell to around 2380.

The bearish sentiment for Bitcoin is gradually intensifying, and the current market trend is under continuous pressure and correction, with prices gradually declining. Short-term support is near the five-day moving average. If this support area is broken, the market may continue to correct and test the daily Bollinger middle line. From a four-hour perspective, the Bollinger bands are gradually narrowing, and the market has broken below the middle line. If it cannot rebound and break through afterwards, the trend will remain a fluctuating downward trend.

Bitcoin range 1073-1075, target 1050 range

Ethereum range 2440-2460, target 2270 range

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