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Analysis in the early morning of Wednesday, June 25th
From the daily timeframe, the bearish momentum has weakened, forming a doji candlestick pattern, indicating a game between bulls and bears at the current price level. The key resistance above is located at the 106300 level mentioned in yesterday's analysis, with a secondary resistance to watch at 107800; the support below is near the 104500-104150 area, with a secondary support seen around the 103700 level.
From the four-hour Candlestick chart, breaking through yesterday's high point is an important signal of the strengthening bullish trend, indicating the accumulation and eruption of bullish momentum, driving the price upwards, with the potential to break through the upper resistance level and open up the upward space. On the hourly chart, the Bollinger Bands are closing upwards, indicating an upward trend in the market, with reduced volatility, suggesting a pullback adjustment in the short term before breaking through upwards again.
Trading suggestion: Sell near the current price of 106000-106500 for Bitcoin, target buying near 104600-104150.
Ethereum operation suggestion: short near 2450-2460, target long near 2400-2390. #BTC#