Analysis and Operation Strategy for Bitcoin/Ether at Early Morning on June 23
The daily chart has formed a trend of four consecutive declines. After a rebound and correction in the morning session, there was a significant drop in the evening, with the 100,000 mark being breached again. The rebounds have repeatedly left long upper shadows, and there is potential for the daily chart to form a continuation of the declining adjustment structure. Within this cycle, the weekly and daily structures indicate that the downward adjustment strategy remains unchanged. On the four-hour chart, it has shown a three-wave drop from the high of 110,650. 108,900 serves as the next high point, with shorts continuously increasing in volume, and the structure is in an extremely weak downward adjustment while consolidating and gaining momentum for further declines. Short-term highs are moving downwards, stepping down in a winding manner, and repeatedly testing a low point increases the chances of breaking down. Currently, the volatility is quite large; operations should still follow the trend, focusing on shorting during rebounds.
Bitcoin range 100,300-99,800, looking at 98,000-97,500.
Bitcoin range 2,230-2,210, looking at 2,150-2,100.
