6.23 Afternoon Analysis

The current market is in a main downtrend phase with a unilateral decline, showing a bearish arrangement overall. The price has effectively broken below the lower Bollinger Band support, and the bands are expanding outward, indicating that the downward momentum has not yet exhausted, and the bearish trend continues.

From a short-term momentum perspective, the J value of the KDJ indicator has reached the oversold negative zone, suggesting a strong divergence correction need technically. However, it must be clear that oversold does not equal reversal; the current situation is a typical breakdown acceleration pattern, and left-side trading carries very high risk.

In terms of trading strategy, one should adhere to the principle of right-side trading, adopting a mindset of shorting on rebounds and resistance. Pay close attention to the Bollinger lower band shifting from support to resistance testing; if volume and price diverge or the rebound is blocked, it signals a trend-following entry for short positions. Until the bearish arrangement is broken or reversal signals such as bottom divergence appear, do not blindly chase rebounds, and strictly implement stop-loss protections to follow the trend.

Trading suggestion: 63,600-64,100 range, target 61,600-62,100. If broken, watch the 60,000 level. $GT $BTC $SOL