6.29 Early Morning Bitcoin/Ethereum Market Analysis and Trading Strategy
From the current market perspective, the DIF and DEA are dead crossing above the zero axis, with a slight increase in the red momentum bar, indicating a short-term bearish trend. The current RSI value is 52, having touched 58 during the morning rebound and then retreated, showing insufficient bullish momentum. The Bollinger Bands are fluctuating around the midline at 107200, with a narrowing bandwidth, indicating an impending change in trend. If it breaks below the lower band at 106500, there may be downward space.
On the 4-hour level, the Bollinger Bands are in a converging state, and the technical indicators are showing a downward trend similar to the 15-minute level. On the daily level, although the candlestick bars are still above the Bollinger midline, the technical indicators are showing a growth trend. As time progresses, the bullish upward space is expected to gradually open up, and when the time is ripe, a bullish market may begin. Continue to adopt a strategy of selling high and buying low to position.
Bitcoin: 107500-107800 Short Target 106500
Ethereum: 2440-2460 Short Target 2380
