6.6 Saturday midday Bitcoin and Ethereum market analysis and trading suggestions

Dear friends, happy weekend! Looking back from early morning until now, the overall market remains a large-scale downward structure intact, with limited rebound strength, only a short-term correction rebound after a big drop, with bulls unable to reverse the trend. Bitcoin found temporary support near 59,080 and then oscillated and rebounded, reaching a high of around 51,985 in the morning. Ethereum also rebounded from a low of 1,538 to about 1,618. Overall, although there is some recovery, trading volume has not significantly increased, and there is heavy resistance above, limiting the rebound space.
Yesterday and early morning, the outlook remained firmly bearish, and all short positions from yesterday's trading plan were successfully closed for profit. Congratulations to friends who followed the rhythm again.

Currently, the market is in a weak oscillating consolidation phase, with weak rebound strength and limited space, not changing the bearish structure. The four-hour Bollinger Bands are opening downward, with a perfect bearish arrangement. There is some support near the lower band, but the candlestick rebound is characterized by small bullish bodies, indicating a continuation of the decline without clear reversal signals. The hourly candlesticks rebounded to the middle band but faced resistance and fell back, currently trading below the middle band. The 61,200 level forms obvious resistance, with small bullish rebounds followed by upper shadows, indicating resistance to higher prices, and bulls are unable to break through the middle band. The Bollinger Bands are narrowing but still pointing downward. Ethereum follows the same rhythm, with hourly low-level oscillation and small consolidation, with the 1,608 level forming resistance. The rebound lacks sustained buying; the 15-minute chart shows a slight rise followed by a fall, with no change in the weak pattern.
The major cycle bearish trend has not reversed; in trading, only short-term oversold rebounds should be considered for high short positions, and do not blindly chase longs or bottom fish.
Bitcoin: Short in the 61,000-61,500 range, targeting around 59,000.
Ethereum: Short in the 1,585-1,630 range, targeting around 1,450.
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