Evening Market and Strategy on June 24

The Bitcoin experienced a strong rally in the early morning hours, reaching a high of 106044, but quickly retreated, oscillating around 105000. From the candlestick patterns, after the surge, Bitcoin formed a series of small bullish doji and small bullish candles, with the longer upper shadow visually indicating heavy selling pressure above. In contrast, the support below is insufficient, reflecting that the bullish momentum has significantly weakened during the upward process. The current technical indicators are showing a clear signal for a reversal, suggesting to seize the opportunity to short at highs.

Bitcoin: Range of 105400-105900 for reversal, target at 104000

Altcoin: Range of 2420-2450 for reversal, target at 2350