June 30 Bitcoin and Ethereum Analysis and Summary

The intraday market has basically completed its movement, with Bitcoin reaching a high of around 108780 and a low at the support level of around 107000-106500. Ethereum followed Bitcoin's trend, reaching around 2520 before declining to around 2430. Old Wang's intraday positions were not many, mainly focused on friends who follow 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 resist the impact of news, so we must remain vigilant at all times. Old Wang also managed to gain some profit from this wave of market based on years of on-site experience.

In the Bitcoin daily structure, after consecutive bullish candles, a bearish one appeared, with the lower shadow of the bearish candle elongated, indicating a rebound trend. In the four-hour structure, the MACD showed a bullish crossover, and the red momentum bars are continuously increasing, indicating an initial emergence of bearish momentum. The RSI technical indicator also showed an oversold trend, while the Bollinger Bands continue parallel, meaning the market's fluctuations will still operate within a range. In the one-hour structure, after the price formed an M-top pattern, it continued to decline, and after touching the support level, it surged to the middle band. This indicates that the bullish main force is still trying hard to support the market, but the MACD technical indicator still shows a bullish crossover underwater, indicating that the bearish momentum is still increasing. In summary, Old Wang believes that the price will still experience a slight pullback before continuing to rise, so Old Wang's strategy at dawn is to wait for a pullback before entering long positions.

Operation Suggestions:

Buy Bitcoin around 107300-106800, target around 108200.

Buy Ethereum around 2460, target around 2510.