6.30 Morning Bitcoin and Ethereum Market Analysis and Trading Strategies

Life rarely has absolute perfection, but the pursuit of perfection itself is an excellent interpretation of the value of life. Immersed in the turbulent waves of the cryptocurrency market, accurately perceiving market trends is also an exploration journey in pursuit of the extreme. Looking back at last night's market performance, Bitcoin quickly rebounded after hitting the support level of 107233, reaching a maximum of 108225 during the day; Ethereum also received effective support at the key level of 2506, and then strongly rose to a high of 2517, with the trend highly consistent with previous predictions, powerfully validating the rebound logic after a technical correction.

From the in-depth analysis of the 4-hour technical indicators, the current market has clear bearish signals, with overall downward pressure looming. The KDJ indicator shows three lines diverging downwards, and the J value is approaching the edge of the oversold area, releasing a strong short signal; in the MACD indicator, the dual lines formed a death cross above the zero axis and continued to extend downwards, with the green momentum bars continuously increasing, further solidifying the dominant position of the bears. The Bollinger Bands indicator shows that the price is currently under pressure near the upper band, and based on the inertia rules of its operation within the channel, there is a high probability that the price will pull back to the middle band or even the lower band in the short term.

It is important to note that the current market liquidity is relatively low, making it easier for abnormal fluctuations such as “spike” to occur. In addition, as the monthly line for June 30 is about to close, institutions may frequently adjust their positions to modify their holdings, which may further intensify market volatility. Considering multiple factors comprehensively, today’s morning market is likely to focus on a pullback.

Trading Suggestions:

- Bitcoin: It is recommended to place a short position near 108500, with a stop loss set at 109000, and a short-term target price aimed at 106500.

- Ethereum: A short position can be entered near 2520, with a stop loss set at 2550 and a target price of 2420. The investment trading risk is relatively high, so strict risk control is essential, and caution is advised.