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6.25 Wednesday night latest market analysis and trading suggestions:
Looking back at the evening, Bitcoin rebounded after hitting a low of 106656, currently reaching a maximum of around 108064. It is currently retracing near 106900.
Ethereum reached a peak of 2444 in the evening before pulling back, with a low touching the 2389 line.
From the current market perspective, the four-hour level has accurately tested the weekly supply zone at 108064 and has quickly pulled back. Currently, the bears are in control of the short-term rhythm. The MACD fast and slow lines have formed a death cross above the zero axis, indicating a weak bearish signal. The RSI has moved down from 54 to 47 in a stepwise manner, and there is no reversal momentum until it touches the oversold zone. In the evening, the operation suggests a high short strategy; if the rebound is successful and stable, then adjust the strategy. If it breaks down, continue to chase the shorts.
Wednesday night thoughts:
Short near 107500, target 105000.
Short near 2450 for Ethereum, target focus on 2360. #BTC#