Summary of the week of June 24-28:

This week's market has also experienced ups and downs. On Monday, due to the negative news, the big cake plummeted from a high of 64,000 to around 58,100. We also kept arranging for high altitudes on Monday to take nearly 3,500 points of space, and then stabilized at a low of 58,100. On Wednesday, it slowly fluctuated upward to around 62,000. In this wave of upward space, the second uncle took nearly 2,000 points of meat again, and then began to decline to the 60,000 mark, stabilizing at the bottom and coming to the current price of around 60,800.

From the time frame of the 4-hour line to examine the current market situation, the bulls have tried to explore many times, but unfortunately they have failed to break through the current resistance level. This inability to break through is particularly evident in the Bollinger Bands. The middle and lower tracks of the Bollinger Bands are under great pressure, and their opening direction shows a downward trend, which further indicates the pessimism of the market. From the daily chart, the Yinxian continues to dominate the market, which further verifies the downward trend of the market. In the smaller time unit - hourly chart, the Bollinger Bands channel is gradually closing, showing a decrease in market volatility. The price of the currency continues to decline on the middle line of the Bollinger Bands. The upper pressure mainly comes from the EMA30 moving average, which has a significant suppressive effect on the chart. The current market's bullish sentiment is still very weak. Although there is a certain rebound demand, the strength is not enough to change the overall downward trend. Therefore, investors should be cautious when operating and avoid blindly chasing the rise.

#Mt.Gox将启动偿还计划 $BTC

Big Pie Idea: Short near 61000, target 60000

Ether Idea: Short near 3380, target 3320