6.7 Saturday Morning Market Analysis

Yesterday, the Bitcoin daily chart showed a pin bar near the lower boundary, followed by a rebound with considerable strength. The current trend is also steadily diverging. Although there was significant bearish momentum yesterday, support held at the 100,000 level. It has now returned to the range of 103,700 to 158,000.

On the four-hour level, the bearish trend is quite evident, and the downward channel has already formed. The upper boundary serves as the pressure from the middle line and is also the high point of the parallel downward channel, which is a reasonable resistance level. For the evening session, we should first treat it as a high short.

Bitcoin short at 104,500, focusing on 102,000

Ethereum short at 2,500, focusing on 2,420