6.28 Bitcoin trend change is imminent! Hidden thunder is about to explode!

BTC may face short-term pressure as the main order data shows that the selling transaction volume reached $166 million, far exceeding the buying volume of $110 million, with a net outflow of $55.23 million, indicating a clear short-selling intention from the main players. Combining with the 1-hour candlestick pattern, a double top structure has formed, with the highest price repeatedly blocked at the same position, showing heavy selling pressure above. The MACD has formed a dead cross below the zero line, and the RSI has dropped below the 50 midline, with technical indicators synchronously verifying the downside risk. Although the price is currently above the EMA52, continuous reduction in positions by the main players may lead to further corrections.

From a technical perspective, the large-scale parallel downward channel has opened up, with the strongest resistance gap at around 109,000 near three high points, while the gap at three low points has currently decreased to around 102,000. The major trend's support has lowered to around 98,000. In terms of Ethereum's technical aspect, the maximum level of upward trend support is at 2245, which, after breaking, dipped to 2100 and rebounded to 2520. The current rebound is merely futile, and the next wave of Ethereum is aimed at a low point of 2200.

Operation suggestion:

Short Bitcoin at 108500-109000, target around 105000-102000. Stop loss at 109500.

Short Ethereum at 2520-2560, target around 2350-2200. Stop loss at 2600.

$BTC

$ETH