6.4 Evening Analysis

$ETH $BTC The Strait of Hormuz has reopened! Are long positions about to be liquidated? Brothers and sisters, you're overthinking it. As soon as the news broke, the market started to rally. It reached around 63,950. Do you feel like it's going up? Don’t be misled by the news. The rebound is just an opportunity for you to cover your short positions. Be bold in covering. The evening market is slightly rebounding and recovering. Currently quoting around $63,900, this is a weak rebound after an oversold condition, with very weak momentum, and it has not changed the bearish dominant trend.
From a technical perspective, the daily chart shows a large bearish candle closing, breaking through previous multiple support levels. All moving averages are turning downward, fully establishing a bearish trend;
Although there are rebound signals on the short-term 15-minute and 1-hour charts, these are technical corrections after a decline, not reversal signals.
Key support levels are at the low range of $61,000–$61,300 today. This area is an important support zone for the year and a key position for previous capital absorption. If it breaks below again tonight, the downward space will be fully opened, and the target could look toward the $55,000 range;
Short-term resistance is concentrated at $64,500–$65,000. The rebound resistance remains primarily high short positions.
The second coin can follow suit. #BTC #ETH #BTC走势分析