After the update of the new monthly K, Bitcoin is currently operating above the MA5 10-day moving average. The MACD and KDJ indicators still show a bullish upward trend, but the upward momentum of the MA5 moving average is showing signs of contraction (June is also a month full of uncertainties, with the Federal Reserve's interest rate cut timeline yet to be announced, inflation remaining high, and the uncertainty of Trump's tariff policy bringing certain risks to the market). Due to relatively low trading volume during the holiday, there is currently a gap of over ten thousand points between the coin price and the MA5 moving average, and it is expected that this month will see a correction. As for when the correction will occur, it depends on the weekly K TD indicator's bullish-bearish conversion.
On the daily chart, Bitcoin is currently operating below the middle band of the BOLL indicator. Although the MA30 moving average continues to rise, the MA5 and 10-day moving averages are exerting downward pressure. The TD indicator has reached a downward trend TD4, and the MACD and KDJ indicators are leaning towards bearish movement, indicating that the bearish sentiment is dominant. As long as the coin price cannot effectively stabilize above the MA5 moving average during the rebound, Bitcoin is likely to decline again during the daily update from midnight to tomorrow morning.
On the 4-hour chart, after the close at midnight, Bitcoin experienced a wave of rebound sentiment. However, the overall trend of the MA30 moving average and the BOLL indicator remains downward, coupled with strong resistance from the daily MA5 moving average. Therefore, if Bitcoin's short-term rebound cannot effectively break through the resistance level of 105500-106000, there is still a risk of further retracement. Thus, my personal view for the short term remains focused on a rebound with a high bearish sentiment.
Trading strategy: Short at 105500 and add to the short position at 106500. Target: 104500-103500. Stop loss: 106700.
Ethereum's overall trend is basically in sync with Bitcoin. Although there has been a wave of rebound sentiment in the short term, the daily middle band and the MA5 moving average continue to exert downward pressure, which constrains the rebound. Therefore, my personal view for the short term remains focused on a rebound with a high bearish sentiment. Trading strategy: Short at 2570-2600. Target: 2520-2480. Stop loss: 2620.
For the short-term trend, it is expected to be sufficient. The daily update tomorrow will continue to follow up.
Personal views are for reference only. There may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Please exercise caution when entering the market. Analysis is not easy, and everyone is welcome to like and follow the public account for surprises!
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