June 23, 2025 Cryptocurrency Morning Report: Under geopolitical conflicts, Bitcoin and Ethereum both plummet, showing short-term adjustment pressure on the technical front.

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9 hours ago

Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities. Today is Monday, June 23, 2025. I am Wang Yibo! Good morning, crypto friends! ☀️ Die-hard fans check in! 👍 Like and make big profits! 🍗🍗🌹🌹

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In the past week, the cryptocurrency market experienced dramatic fluctuations, with geopolitical events becoming key factors influencing market trends. Trump ordered U.S. military airstrikes on Iranian nuclear facilities, instantly igniting geopolitical tensions, and the cryptocurrency market was not spared. Bitcoin's price plummeted rapidly after the news of the airstrikes, briefly falling below 98,200, with a daily decline of over 5%. Ethereum and other major altcoins also followed suit, with panic spreading throughout the market. Investors rushed to sell their crypto assets in search of safer havens. Market analysts pointed out that although cryptocurrencies are often seen as safe-haven assets, their price volatility actually intensified under such extreme geopolitical risks, highlighting the market's high sensitivity to uncertainty.

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After a waterfall decline early Saturday morning, Bitcoin's downward trend continues. It dropped again in the early hours, hitting a new low of 98,200. This constant probing of lower support levels is quite uncomfortable, but fortunately, the 98,000 mark held strong. Subsequently, bullish forces began to develop, pushing the price back above the 100,000 mark for short-term adjustments. However, I believe that friends who followed the direction given in the early hours can take some profits and exit, while the rest can chase the rise to 101,500. Looking at the real-time market, on the 15-minute chart, the price fell to the lower Bollinger Band and entered an oversold state before rebounding. The Bollinger Bands have shifted from a smooth trend to an opening shape, and the current price has exceeded the upper Bollinger Band, entering an overbought state. This situation may last for a short period, but overall, a pullback is expected.

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Ethereum's movement is highly synchronized with Bitcoin. It dropped from a high of 2,292 during the day, breaking through multiple support levels, with the price testing a low of 2,110 before rebounding to around 2,246. From a daily technical analysis perspective, it has effectively broken below the key support level of the lower Bollinger Band. The moving average system shows a bearish arrangement, with the middle Bollinger Band continuing to diverge downward, and the price has significantly deviated from the middle band, indicating that the market is clearly in a weak position in the short term, with bearish forces holding an absolute advantage. The price trend has formed a standard descending channel, with recent lows continuously moving lower, and the bear market trend continues. The J value in the KDJ indicator has entered a deeply oversold area, suggesting a technical rebound demand in the short term, but the K/D lines have not yet formed a golden cross, and the rebound momentum has not been confirmed; the RSI6 indicator has fallen below the 20 oversold line, indicating excessive market selling, but no bottom divergence pattern has appeared, and the trend reversal signal is still insufficient; the MACD indicator continues to show a death cross, with the green momentum bars accelerating, indicating that bearish momentum remains strong. The operational strategy continues to treat rebounds as opportunities for short positions.

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If you are feeling lost—don’t understand the technology, can’t read the charts, don’t know when to enter the market, don’t know how to set stop losses, don’t understand take profits, randomly increase positions, get stuck while trying to catch the bottom, can’t hold onto profits, or miss out on market movements… these are common problems for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profit is worth a thousand words; repeated failures are not as good as finding the right direction. Instead of frequent operations, it’s better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward in the market with you.

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