June 24 Afternoon Pancake/Auntie Market Analysis and Trading Ideas
From the daily chart perspective, Ethereum's current KDJ and MACD indicators continue to trend downwards, indicating that the market is still dominated by bears. However, the KDJ has entered the oversold area, and a technical rebound may occur in the short term; the lower Bollinger Band is slightly widening, and the price has long been sticking closely to and slightly breaking through the lower band, suggesting that the downward space is gradually narrowing, and caution is warranted for potential oversold bounces. Although the short-term moving averages such as MA3/5/10 are still in a bearish alignment and exerting downward pressure, the slope has slowed down, and the tendency to remain close to the lower Bollinger Band often indicates that the market may enter a consolidation phase at the bottom. Overall, although the technical outlook is bearish, the oversold signal is evident. It is recommended to pay close attention to the testing of key support levels below and wait for more definitive reversal signals such as volume cooperation or indicator divergence to appear.
From the 12-hour chart perspective, Ethereum's current technical outlook shows a clear bearish pattern: KDJ and MACD indicators continue to diverge downwards, the Bollinger Band is widening, and the price has broken through the lower band, forming a strong bearish resonance; short-term moving averages such as MA3/5/10 are in a standard bearish arrangement putting downward pressure, making the overall technical outlook heavily tilted towards the bears. However, it is worth noting that the current price has significantly deviated from the 5-day moving average, and the Bollinger Band shows signs of breaking down, indicating a short-term need for technical repair. Therefore, intraday trading suggestions are to remain cautious, patiently waiting for the price to rebound to the moving average or the middle Bollinger Band before considering a high-risk entry, while closely monitoring the strength of the rebound and changes in volume, and strictly setting stop-loss orders to guard against sudden rebound risks.
Bitcoin: Short position near 105500-106000, target at: 104000
Ethereum: Short position near 2430-2460, target at: 2380-2330
