Market Review and Analysis

BTC has been fluctuating at the current price level for three days, with the large bearish candle on June 17 serving as a market indicator. From a technical perspective, both the daily and weekly charts show a bearish pattern, with clear signs of profit-taking after a previous rally. The support rebound appears more like a continuation of the downtrend. Once the support is broken, the market is likely to accelerate its decline. ETH is also caught in a range-bound situation, struggling to break through the support zone of $2500-$2450, with weak rebound momentum. Whether it breaks the support or not is crucial—if it continues to consolidate, the rising bottom will compress the downside space, and attention should be paid to the effectiveness of the support in the $2400-$2450 range.

Today's Highlights Interpretation

• BTC Short-term Strategy: The minor support level of $104 has not been effectively broken today. Focus on the support in the $103-$104 range, with strong support at $1016-$1022; resistance remains in the $105-$106 range. In a fluctuating market, the rebound strength is limited. For short-term contracts, it is recommended to short at highs and seize opportunities for short positions after rebounds from support levels.

• ETH Operational Thinking: The support level of $2450-$2500 and the resistance level of $2530-$2560 form a narrow range of fluctuations, recently showing a pattern of "rebounding at support and retreating at resistance." For short-term contracts, it is advisable to sell high and buy low within the range (prioritizing short positions). For spot trading, it is recommended to stay on the sidelines and wait for ETH to break below $2400, as the support range of $2260-$2300 may become the target for further declines.

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