6.30 Morning Bitcoin and Ethereum Market Analysis and Trading Strategy

It is difficult in life to achieve absolute perfection, but the journey of pursuing perfection is a brilliant interpretation of the value of life. In the ever-changing tides of the cryptocurrency market, accurately capturing the market trends is also a challenge in the pursuit of excellence. Looking back at last night's market performance, Bitcoin quickly rebounded after hitting the support level of 107233, peaking during the session at 108225; Ethereum also found effective support at the key level of 2506 and then strongly surged to a high of 2517, with the trend highly consistent with previous expectations, effectively validating the rebound logic after a technical correction.

From an in-depth analysis of the 4-hour technical indicators, the current market shows significant bearish signals, overall shrouded under downward pressure. The KDJ indicator has diverged downward with its three lines, and the J value is approaching the oversold area, releasing a strong short signal; in terms of the MACD indicator, the dual lines formed a death cross above the zero axis and continued to extend downward, with the green momentum bars continuously increasing, further solidifying the bearish dominance. Looking at the Bollinger Bands indicator, the price is currently under pressure near the upper band, and based on its inertia within the channel, the possibility of the price retreating to the middle band or even the lower band in the short term cannot be underestimated.

It is particularly important to note that the current market liquidity is relatively low, which can easily trigger abnormal volatility such as “spikes.” At the same time, with the end of the month on June 30, institutions may frequently adjust their positions, which could exacerbate market fluctuations. Considering multiple factors, the morning market is expected to primarily focus on correction.

Trading Suggestions:

- Bitcoin: It is recommended to lay out short positions near 108500, setting the stop loss at 109000, and the short-term target price is aimed at 106500.

- Ethereum: A short position can be entered around 2520, with the stop loss set at 2550, and the target price at 2420.