June 23 Market Analysis
Bitcoin initially moved lower, strongly dipping to a low of 98115 before stabilizing. It then began to experience a fluctuating rebound, currently reaching a high of 101600. Ethereum is following Bitcoin's trend. From the current market perspective, the price at the four-hour level has undergone a dip, with bulls pushing the rebound. It has now risen above the lower band of the Bollinger Bands, but the overall structure still operates within a clear downward channel, and the rebound momentum has depleted. The MACD indicator's dual lines continue to operate below the 0 axis, and no clear trend reversal signal has been issued yet.
Trading Plan
Trading strategy for a bullish outlook; if the rebound is successful and stabilizes, then change the strategy. It's better to miss the rebound than to go against the trend!