June 30 Bitcoin and Ethereum Analysis and Summary

The intraday market has basically concluded. Bitcoin reached a high of around 108780 and a low of around the support point of 107000-106500. Ethereum followed the trend of Bitcoin, reaching around 2520 before falling to around 2430. Old Wang did not make many placements today, mainly responsible for friends following orders, only capturing 1500 points with a loss of 402 points. The weekend's volatile market continues like this; even the most obvious structures cannot withstand the stimulus of news, so we must always remain vigilant. Old Wang has also gained from this wave of market based on years of on-site experience.

In the Bitcoin daily structure, after a series of bullish candles, a bearish candle emerged, with an elongated lower shadow, indicating a rebound trend. In the four-hour structure, the MACD showed a golden cross above the water, and the red momentum bars are continuously increasing, with bearish momentum initially appearing. The RSI technical indicator also showed an oversold trend, while the Bollinger Bands continue to run parallel. Thus, the volatility in the future still operates within the range. In the one-hour structure, after the price formed an M-top pattern, it declined with consecutive bearish candles. After touching the support level, it surged to the middle track. Therefore, the bullish main force is still striving to support the market, but the MACD technical indicator still shows a golden cross below the water, indicating that bearish momentum is still increasing. In summary, Old Wang believes that the price will still undergo a slight pullback before continuing to rise, so Old Wang's strategy at dawn is to wait for the pullback before entering long positions.

Operation suggestion:

Buy Bitcoin around 107300-106800, target around 108200.

Buy Ethereum around 2460, target around 2510.