6.1 Midday Market Analysis

In the morning, Bitcoin briefly dipped to a low of 73,100 before maintaining a volatile tug-of-war, currently hovering around the 73,400 range in sideways trading. Market liquidity remains persistently weak, with bullish buying momentum lacking support; small rebounds are met with selling pressure, facing heavy resistance on the upside.
Last week's market experienced continuous sharp declines, and the bearish trend has not ended. The current brief consolidation is only a pause during the decline and does not indicate a bottom reversal signal. Various technical indicators are still in a downward channel, and the market lacks positive news to support a reversal. Bulls are powerless to change the weak trend, and the overall outlook remains bearish, with a strategy to short on rebounds against resistance.

Trading Suggestions
Short at the 73,500 resistance area during Bitcoin's rebound, targeting 72,000-72,500
Short Ethereum at the 2,000 resistance level, with targets around 1,960-1,940