6.30 Early Morning Market Analysis and Trading Strategy:
From the four-hour level, Bitcoin and Ethereum started to retreat after breaking above the upper Bollinger Band with a strong bullish candle.
The one-hour level shows that after a series of bullish candles, the market is undergoing a pullback. Both KDJ and RSI indicators are trending downwards, indicating weakening bullish momentum. It is recommended to short in the evening.
Trading Suggestions
Bitcoin: Short near 107500-108000, target prices 106000, 105000, 104000.
Ethereum: Short near 2460-2490, target price 2380.
