6.30 Monday Afternoon Bitcoin Ethereum Latest Market Analysis and Trading Suggestions

Reviewing the morning market, Bitcoin (BTC) experienced significant volatility, first dipping to a low of 107975, then bulls quickly pushed back, strongly rebounding to a high of 108726, but has since retraced to around 107600. Ethereum (ETH) was also restless, reaching a morning low of 2484 before starting to rise, peaking at 2522, unfortunately failing to break the key resistance level of 2550, and is now retreating again, hovering around 2460. With precise analysis, our team guided students to go long at the low this morning, successfully capturing nearly 700 points of profit.

From the current market analysis, Bitcoin's rise was followed by a retracement, and the morning rebound failed to effectively stabilize above 108800, forming an inverted hammer candlestick, a typical bearish pattern. This usually indicates that the market is about to reverse; if the price breaks below the key support level of 107500, bearish pressure will further increase, likely accelerating the test of support at 106800. Regarding Ethereum, the hourly MACD histogram is contracting, indicating a shift in bullish and bearish forces, with bullish momentum gradually weakening; the RSI indicator value is 45, entering a weak area, showing that the market is relatively weak in the short term, with clear demand for a pullback. If the support level of 2450 is breached, Ethereum will open up further downward space for exploration.

In summary, the afternoon market trend is extremely critical. In terms of operation, it is advised to adopt a high short strategy; do not blindly try to catch the bottom before the key support and resistance levels are broken to avoid falling into market traps. However, once the price breaks through the key resistance level, one must decisively chase the trend and follow the market's new trend direction.

Monday Afternoon Strategy

- Bitcoin: It is recommended to place short positions around 108300, targeting 106800, with a stop loss set above 108800 to prevent losses from unexpected price increases.

- Ethereum: One can enter short positions around 2490, targeting 2400, with a stop loss set at 2520 to control risk and prevent price rebounds from breaking the resistance level.