June 23 Bitcoin and Ethereum Market Summary

The overall market trend today shows a decline, continuing the pullback after yesterday's surge. This drop has already moved nearly 4,000 points. So our cautious stance in the morning also played a role, as the price struggled to stay above the resistance zone of 64,300-64,500. During midday, Kongdan decisively entered the market, followed by a collective sell-off of tech stocks. Coupled with market panic sentiment, the price fell to around 62,500, prompting the first wave of Kongdan to exit. The brief halt in the decline also warned traders to watch for a second increase in volume at the top, as the rebound was weak, and the second wave of Kongdan did not follow. Not long after, the volume at the top surged again, dropping to 61,870, at which point all Kongdan positions were closed for profit.

The intra-day pullback of Ethereum is relatively stronger compared to Bitcoin, falling from a high of 1779 to 1633, with over 100 points of room just from this morning. Additionally, during the volume increase at the top, the second release was more concentrated. The overall trend still moves in sync with Bitcoin, and our Kongdan positions also captured good gains. In the evening, a slight short-term volume increase at the top pushed the price back to around 62,800, reminding traders to defend above 63,000. Currently, the 4-hour volume at the top is still being released; overnight, focus on the previous low break and maintain the trading mindset. $BTC #TradFiCFD黄金大师赛 $ETH