June 30 Midday Bitcoin Market Analysis.

After two days of consolidation on Saturday, the price gradually emerged from a fluctuating trend, retreating to around 107,400 for adjustment before breaking through 108,700 again. It is currently consolidating at a high level near 108,400, with the framework continuing to rise. From what we can see, the long and short game has reversed again.

The daily Bitcoin chart shows four consecutive bullish candles with a doji, and the K-line has broken through the middle band of the Bollinger Bands, indicating clear stagnation. The four-hour chart shows the Bollinger Bands contracting before opening up, and the K-line is gradually approaching the upper band. If it can break through the 108,800 resistance area and stabilize, it may open up upward space. From the one-hour perspective, after completing a four-consecutive bullish streak, the market has shown a critical reversal, closing with the first real bearish candle, clearly indicating a weakening of bullish momentum. From a technical analysis perspective, the MACD indicator shows a high-level death cross, and the RSI has entered the overbought correction zone, with notable short-term top characteristics. For subsequent operations after midday, it is recommended to enter short positions near 108,600, with a target support level at 107,500; a breakout could see 106,500. Be sure to maintain proper defense.

Bitcoin: Short near 108,500-109,000; target at 107,500-106,000; defense at 109,500.

Ethereum: Short near 2,510-2,530; target at 2,450; defense at 2,550.