Silk Road Morning Report 6.26
Good morning! From a technical structure perspective, the Bitcoin four-hour candlestick chart previously showed consecutive bullish movements. After encountering resistance, it quickly retraced, confirming a pullback after testing the rebound. This time, it did not create a new high and the decline was rapid, indicating a lack of strength in the bulls. The Bollinger Bands indicator shows that after touching the lower band, the rebound was weak, and the market is likely to continue declining. It is suggested to short during weak rebounds, focusing on a high short strategy.
Suggested Operations
BTC short in the range of 107500-108000, targeting around 106000;
ETH short in the range of 2440-2470, targeting around 2350
