June 30 Bitcoin and Ethereum market analysis and operation strategy
As June came to an end and the new week came, the cryptocurrency market attracted much attention. Bitcoin (Bread) rebounded quickly after falling back to 107,200 overnight, but encountered resistance again when it rose to the 108,800 area. The current market trend seems strong, but the key resistance level has not been effectively broken, which makes it difficult to set a new high in the short term, let alone the opening of upward space.
From the in-depth analysis of the 4-hour K-line pattern, the upper pressure is clearly visible. Bitcoin has tried to hit the high point many times, but all ended in failure. Every time it touched the resistance level, it quickly fell under pressure. This trend strongly suggests that the risk of short-term correction is increasing. At the same time, technical indicators also released short signals, further verifying the possibility of the market facing adjustments in the short term.
The trend of Ethereum (Ether) shows a certain linkage with Bitcoin. It also encountered resistance during the rebound process, and the upward momentum gradually weakened. The subsequent trend is not optimistic.
Based on the above analysis, today's operation strategy is mainly high-altitude. Investors should not blindly chase highs, but should be cautious and strictly control risks.
Personal operation suggestions
• Bitcoin: It is recommended to arrange short orders near 108500, the stop loss can be set at 109000, and the target price is 107000.
• Ethereum: You can enter short orders near 2510, the stop loss is set at 2540, and the target price is around 2440.