Analysis of the pancake market on the early morning of June 17.

Israel submitted a revised proposal in hostage negotiations with Hamas, potentially opening the door for a temporary ceasefire. Subsequently, U.S. stock futures surged strongly during the day, while gold and oil prices fell sharply. U.S. stocks also opened and rose as expected. The price comparison broke through the 107000 mark during the day. Currently, Russia is negotiating with the U.S. regarding Iran, but Iran has privately indicated that if the U.S. does not participate, it will resume nuclear negotiations. Therefore, the current situation is difficult to ease, and the subsequent strategy leans more towards short selling on rebounds.

From a technical perspective, although the MACD maintains red bars, there are clear signs of a top divergence, and the bars are continuously contracting. The KDJ has also crossed downwards, and short-term momentum is rapidly depleting, overall in a phase of weakening high-level oscillation. The current trend is inclined towards a correction process within a sideways oscillation. If the middle track support is effectively broken, the possibility of probing the 104500 area cannot be ruled out. In summary, taking a cautious bearish strategy in the early morning, and pay attention to maintaining defense.

Pancake; Short near 107500-108000, target 106000-104500, defense 108500

Ethereum; Short near 2640-2670, target 2550, defense 2700#加密市场反弹