June 27 Afternoon Bitcoin/Ethereum Market Analysis and Trading Ideas
After Bitcoin's price fell to a low of 106345 in the morning, it has continuously risen with bullish candles, representing a rebound after a decline. However, during the rebound, the K-line body gradually narrows and upper shadows increase, reflecting that selling pressure is gradually appearing above, and the strength of the bullish attack is weakening. The overall trend is in a short-term oscillation situation under pressure, with bulls and bears in a stalemate: the previous decline released bearish momentum, and the low-level rebound reflects the bulls' attempt to recover, but the resistance encountered during the rebound indicates that the bears still have resistance. Key levels to watch: if the price can rely on 107000 support and break above the resistance with volume, the bulls are expected to continue leading the rebound; if it breaks below the support, the bears will exert force again, and the price is likely to return to a downward channel.
From a technical analysis perspective, the four-hour chart shows that after the price bottomed out and rebounded from the 98200 line, it has been continuously adjusting and correcting at high levels. The current situation has not yet completed a significant reversal. After continuous highs and retreats, bullish momentum is gradually declining, moving averages are starting to flatten slowly, and the MACD energy bar has turned from positive to negative. However, there is also strong support above the middle track at 106500. Currently, the price pattern is exhibiting a bearish oscillation. On the hourly chart, the Bollinger Bands are continuously narrowing, and the current price is oscillating and correcting between the lower bands, with strong pressure above and support below. In the short term, the price pattern remains a downward oscillation, and the afternoon strategy continues to focus on short positions at high levels.
Bitcoin 107500-108000 short, look near 106000
Ethereum 2450-2470 short, look near 2370
