Night Market Analysis of Bitcoin and Altcoin on 6.20
The current rebound strength of Bitcoin is insufficient, facing resistance at the 106,500 pressure level, demonstrating the determination of bears to suppress. It is expected that Bitcoin will continue to maintain a range-bound pattern in the short term, with a tug-of-war between bulls and bears still ongoing within the oscillation range. The focus tonight remains on short positions!
The same applies to Altcoin, which will follow Bitcoin's trend tonight; short positions can be considered around 2,565.
Bitcoin: 106,500-107,000 range; target 104,000.
Hold the short position at 2,565 for Altcoin, with a target around 2,470.