6.3 Afternoon Analysis

Currently, looking at the overall rhythm of the market, the price ratio has slightly rebounded after a previous decline. The hourly chart shows consecutive upward movements, but the price ratio is gradually moving upwards, albeit at a relatively slow pace. As time goes by, after a pullback, the price ratio will also give a sustained upward movement, and it is only a matter of time before it breaks through the short-term resistance level. In terms of short-term structure and shape, although the price ratio is slightly under pressure and has shown a small pullback, the intensity is not so strong anymore. In the afternoon, we can still participate by focusing on low long positions, paying attention to the 108000 level.

Trading Suggestions

Buy Bitcoin around 105000, target 106500.

Buy Ethereum around 2580, target 2670.