6.24 Morning Market Analysis:

Current market analysis, on the four-hour level, after a slight pullback, a three consecutive bullish candles emerged, and the price has clearly encountered resistance at the upper Bollinger Band (with a long upper shadow), indicating that the bullish momentum is weakening under pressure. On the one-hour level, it shows a strong one-sided upward movement, but the upward momentum is currently slowing down. In the future market, it is essential to pay close attention to whether Bitcoin can stabilize at the 105,000 level and push higher. If it cannot stabilize, it may trigger a technical correction. In the morning trading, it is recommended to mainly participate with a high short strategy.

Trading Suggestions

Bitcoin short at 106,000-106,500, target around 103,500.

Ethereum short at 2,440-2,460, target around 2,330.