June 30 Morning Bitcoin and Ethereum Market Analysis and Trading Strategy

Market Analysis

1. Bitcoin: Last night, Bitcoin rebounded from the support level of 107233, reaching a high of 108225. From the 4-hour technical indicators, clear bearish signals are evident. The KDJ three-line diverges downward, with the J value nearing the oversold zone; the MACD double lines continue to decline after a death cross above the zero axis, with green momentum bars growing longer; the price is under pressure near the upper Bollinger Band, and according to its operational pattern, there is a significant possibility of a price pullback in the short term, potentially retreating to the middle or lower band.

2. Ethereum: After receiving support at the key level of 2506, it surged strongly to 2517. The 4-hour technical indicators also exhibit a bearish trend, with the KDJ and MACD indicators similar to Bitcoin, signaling a short position, and the Bollinger Band indicates a need for price retracement. Moreover, Ethereum's movements often follow Bitcoin, and given the current low market liquidity, today being the last day of June, institutional reallocation will increase market volatility, raising the uncertainty of the market.

Trading Strategy

1. Bitcoin: It is recommended to lay out short positions in the range of 108500 - 109000, with a stop loss set at 109000, and a short-term target price of 106500.

2. Ethereum: A short position can be initiated near 2520, with a stop loss set at 2550, targeting a price level of 2420.