Morning Analysis on 6.23
As the situation in the Middle East continues to escalate, Bitcoin was briefly 'bombed' through the 100,000 mark in the early morning, hitting a low of 98,115 before quickly rebounding, and is currently fluctuating around 100,700. The daily chart has continuously closed in the red, gradually establishing a bearish pattern; a large bearish candlestick on the 4-hour chart has further solidified the short-term bearish formation. The current rebound is clearly limited, and after multiple rejections, it has fallen again, indicating that the rebound is still a weak correction and a reversal is unlikely. The flames of war have not yet subsided, and risk-averse sentiment remains, with the overall market continuing to be dominated by bears, maintaining the trading strategy of shorting on rallies.
Personal Advice
Bitcoin: Enter long at 101,000-101,500, target down to 98,000
Ethereum: Enter long at 2,250-2,260, target down to 2,100
