6.30 Morning Bitcoin and Ethereum Market Analysis and Trading Strategies
Although life may be difficult to reach absolute perfection, the journey of pursuing perfection is a profound interpretation of the value of life. In the turbulent waves of the cryptocurrency market, accurately understanding the market trends is like an endless pursuit of excellence. Looking back at last night's market performance, Bitcoin quickly rebounded after hitting the support level of 107233, reaching a high of 108225 during the session; Ethereum received effective support at the key level of 2506, then surged strongly to a high of 2517, the trend closely aligned with previous expectations, fully validating the rebound logic after a technical correction.
From the in-depth analysis of the 4-hour technical indicators, the current market shows clear bearish signals, overall presenting a downward pressure situation. The KDJ indicator shows the three lines diverging downwards, with the J value approaching the oversold area, releasing a strong short signal; in the MACD indicator, the double lines formed a dead cross above the zero axis and continued to extend downwards, with the green momentum bars continuously increasing, further confirming the dominance of bears. The Bollinger Bands indicator shows that the price is currently under pressure near the upper band, and based on its inertia of operating within the channel, there is a high possibility that the price will fall back to the middle band or even the lower band area in the short term.
It is necessary to be cautious, as the current market liquidity is relatively low, which can easily trigger abnormal fluctuations such as 'spike'. At the same time, the end of the month for June is approaching, and institutions may frequently adjust their positions to change their holdings, which may exacerbate market volatility. Considering multiple factors, the morning market is expected to focus on a correction today.
Trading Suggestions:
- Bitcoin: It is recommended to place short positions around 108500, with a stop loss set at 109000, and a short-term target price of 106500.
- Ethereum: You can enter short positions around 2520, with a stop loss set at 2550, and a target price of 2420. Trading carries risks; operations should be cautious, and strict position management and risk control are advised. #MichaelSaylor暗示增持BTC $BTC