On the morning of June 24, as Trump announced that Iran fully agreed to a complete ceasefire, the cryptocurrency secondary market rebounded after last night's fear of escalating war. BTC briefly fell below $100,000 but later rose and broke through $106,000, with many altcoins looking to rebound. Influenced by the situation in the Middle East, BTC has been in a continuous correction for nearly a week, with yesterday's low touching $98,200. After a sharp decline, ETH has shown relative weakness and has not yet returned to the previous $2,500 level. Bitcoin's market share has slightly decreased from its high to 63.49%, but the altcoin season index remains low at 14, and the fear and greed index has dropped to 37, indicating fear.

Originally a weak market, after all this, it has turned into a consolidation phase, with current prices hovering around 2400. In this consolidation trend, we repeatedly emphasize a viewpoint: it is better to be wrong than to miss the 618 position. Generally speaking, the 382 position is a very weak correction position, 0.5 is a normal correction position, while 618 is the extreme correction position. Once the correction exceeds the 618 resistance level, the short-term bearish sentiment will weaken. Currently, the 618 position is around 2463, and the price is testing the 50-day EMA. The four-hour CMF has dropped from above +0.15 to -0.15 and is currently near the zero axis, with Stoch RSI showing signs of forming a death cross in the overbought area, indicating that the next four-hour cycle will likely see a pullback.

In terms of operations, we should first view it with a consolidation mindset, looking to short around 2460~2465, targeting 2300~2320. If the next 4-hour candlestick does not provide an entry opportunity, we can go short directly. For longs, we can look to buy around 2290~2295, targeting an increase of $80~100.