6.4 Evening Market Analysis

Volatility is the market's gift; staying humble allows you to be the master of emotions. After Bitcoin broke below support at midday, the bears took control, briefly recovering to around 64,700 before continuing to decline, approaching the key support at the 60,000 daily moving average, with strong unilateral downward pressure. Ethereum also followed the weakness, dropping to around 1,710.

The market shows Bitcoin's moving averages are all diverging downward, with rebounds weak and clearly resisted, MACD momentum below zero is diminishing, and the downward trend remains unchanged. Coupled with stricter regulatory expectations and tightening macro liquidity, market risk aversion has increased, capital outflows have intensified, and selling pressure is likely to continue, so short-term bearish outlook remains until the 60,000 level.

Trading Suggestions
Short near 64,200-64,500 for Bitcoin, target 62,000-61,000, and continue to look below 60,000 if broken.
Short near 1,800-1,810 for Ethereum, target 1,740-1,700.