6.30 Monday Morning #BTC /#ETH Market Analysis
From the current market perspective, yesterday's big pancake showed a trend of initially declining and then rising. The market quickly dropped to around 107100 in the early session, and this key support level effectively prevented further declines, followed by a consolidation phase. As the strength gradually gathered, it surged strongly, reaching a high of 108499 before a pullback occurred, but the intraday low remained firmly above the 107000 mark, clearly demonstrating the control advantage.
From a four-hour perspective, the market is currently in a high-level fluctuation pattern. Although there was a brief breakout above the upper Bollinger Band followed by a pullback, the middle Bollinger Band provided solid support, indicating a strong foundation. Combined with the current market characteristics, a short-term rebound trend is expected to continue. Focus on the key resistance level of 108500 above, and seize the opportunity to set up long positions and participate in the rebound trend.
Big pancake: around 108300-108000 Long
Target: around 108800-109100 before reversing to short
Second pancake: around 2490-2500 Long
Target: around 2550-2570 before reversing to short
