$BTC 6.9 Afternoon Bitcoin and Ethereum Market Analysis

Bitcoin (BTC) Market Analysis

- Short-term Trend: After reaching 106433 in the morning, it experienced a one-sided decline, dropping to a low of 105278 in the afternoon, followed by a rebound to 105580 for consolidation, with a temporary balance between bulls and bears.

- Technical Signals: Resistance levels are at 106433 and 107000, with support at 105278 and 104800. The 4-hour RSI is at 52, indicating a neutral to weak position, while the MACD momentum bars are decreasing, with the Bollinger Band mid-line at 105900 providing resistance.

- Key Levels: A breakout above 105900 could allow for a small long position, targeting 106400; a drop below 105200 may lead to a test of 104800.

Bitcoin Trading Suggestions

- Short Position: Set up around 105800 - 106000, targeting 104800, with a stop loss above 106200.

Ethereum (ETH) Market Analysis

- Short-term Trend: Following Bitcoin's pullback, Ethereum peaked at 2547 in the morning before retracing to a low of 2477, now rebounding to 2492 for consolidation.

- Technical Signals: The 4-hour RSI is at 48, indicating a weak position, with the MACD showing a death cross downwards, and the Bollinger Band mid-line at 2520 forming resistance.

- Key Levels: Stabilizing above 2500 could allow for a short long position, targeting 2530; a drop below 2470 may test the support at 2450.

Ethereum Trading Suggestions

- Short Position: Set up around 2500, targeting 2450, with a stop loss above 2520.

Overall, both Bitcoin and Ethereum are in a pullback, with Ethereum showing more volatility, reflecting increasing market risk aversion. Pay attention to the strength of Bitcoin's support at 105000; a breach may lead to a broader market decline, while also remaining vigilant to external market fluctuations. In terms of trading strategy, focus on a range-bound approach in the short term, awaiting a breakout of key levels before following the trend.