The following is an analysis of the Bitcoin and Ethereum market on the morning of June 30, along with operational strategy summary based on the information you provided:
Market Analysis
• Bitcoin: Rebounded at the support level of 107233 last night, reaching a high of 108225. The technical indicators on the 4-hour level show a bearish trend, with KDJ three lines pointing downwards, J value approaching the oversold zone, MACD showing a death cross with increasing green bars, and the price being pressured at the upper band of the Bollinger Bands, indicating a potential pullback pressure in the short term, possibly falling back to the middle band or even the lower band.
• Ethereum: After rebounding from the support level of 2506, it rose to 2517. Similarly, the technical indicators at the 4-hour level show a bearish trend, with KDJ and MACD indicators similar to Bitcoin, indicating short-selling signals, and the Bollinger Bands also suggesting a need for price pullback. Additionally, the overall trend of Ethereum often follows Bitcoin, and the current low market liquidity, coupled with institutional rebalancing at the end of the month, adds uncertainty to the market volatility.
Operational Strategy
• Bitcoin: It is recommended to initiate short positions in the range of 108500-109000, with a stop-loss set at 109000, and a short-term target price of 106500.
• Ethereum: A short position can be initiated near 2520, with the stop-loss set at 2550, targeting a price of 2420.