6.29 Sunday Evening Analysis:
Over the weekend, the Bitcoin market has shown a relatively strong upward trend, with the price rising sharply from an early low of 107112 to a high of 108499 before stopping. The Ethereum market has followed Bitcoin's movement, with the price rising from a low of 2427 to a high of 2466 before stopping.
Based on the current market conditions, the four-hour chart shows that after a significant upward surge, the price has broken through the upper Bollinger Band, but there are already signs of a pullback. The KDJ indicator has also shown signs of a downward turn, with the J value entering the overbought zone. The MACD indicator's two lines are gradually converging, but a golden cross has not yet formed, and the indicator values remain in negative territory, indicating that the overall market is likely to experience a sharp rise followed by a pullback. From the one-hour perspective, after a long period of upward movement, the market has paused for a correction, with both KDJ and RSI indicators turning downward. Bulls are clearly entering a period of fatigue, so for tonight's operations, we will focus on short positions.
Bitcoin can be shorted near 108500, target looking at 107000$BTC .
Ethereum can be shorted near 2470, target looking at 2400$ETH .