6.5 Zhiming Morning Analysis and Suggestions
Last night, Bitcoin experienced a slight rebound to the 105878 line before facing downward pressure. The bears surged like a waterfall, leading to a strong decline during midnight and early morning, with the price dropping to a low of 100305, resulting in a single-sided decline of over 5500 points. Ethereum started to decline after being pressured from the 2640 high last night, and the bears accelerated during midnight and early morning, with the price currently hitting a low of 2390, where it has paused.
The four-hour level shows a clear rebound after hitting the bottom. While the decline has stopped, a rebound has occurred, and the overall trend has entered a phase of oscillation and slow rise. After a continuous strong downward movement, the low-level rebound is a normal corrective method. However, the strength of the current rebound is gradually being digested. The trend remains primarily bearish, and the bullish rebound is indeed a secondary-level movement. The upward rebound is gradually slowing down, clearly facing resistance and pressure. Today, we will continue to follow the trend and remain focused on bearish positions.
Zhiming Morning Suggestions
Sell Bitcoin near 10800-102300, aim for 101500-100000
Sell Ethereum near 2440-2460, aim for 2400-2380
