6.20 Bitcoin is under a dark cloud, Ethereum is oscillating without rest, something big is coming.

Today, Bitcoin's key resistance level is 105500, and 106100 is also a resistance level. If it breaks above 106100, the market can strengthen. On the hourly chart, Bitcoin has formed a W double bottom, and we continue to pay attention to the level of 103500 below. If it breaks, we can pursue short positions. After the Federal Reserve announced the interest rate decision, the interest rates remained unchanged, and the sentiment against rate cuts has been released in advance. Bitcoin's hourly chart shows a slight upward oscillation during the day, followed by a downward oscillation in the afternoon.

Last night, there were sharp fluctuations around the data release, with prices interspersing up and down before continuing to drop. Around three in the morning, it began to rise but fell again after hitting resistance at the 1-hour EMA52 line. Trading volume was about one-third less than the previous day, which is considered normal trading volume, and prices remained oscillating. The price dropped to near the daily EMA52 line, where a rebound occurred; however, this position has faced multiple retests without forming a strong rebound, making the support increasingly weak. The price is likely to break down to seek lower price support, so those looking to go long should be cautious. The monthly support for BTC is around 100000, and if it breaks, it could drop to around 93000. Pay attention to directional choices; going short is the best strategy to deploy.

Trading suggestions:

Short Bitcoin at 105000-105500, targeting around 102000-98000. Stop loss at 106100.

Short Ethereum at 2520-2560, targeting around 2400-2300. Stop loss at 2600.