$ETH Market Analysis for June 13

After the high-level consolidation and fluctuation yesterday, the bullish momentum has weakened, and the overall trend has returned to a slightly weak oscillation.
BTC current price is $63,550, up slightly by 0.05% over 24 hours, maintaining a narrow range of fluctuation during the day, with rebound volume continuing to shrink; ETH follows the market fluctuations, current price is $1,665, down slightly by 0.55% over 24 hours, with the $1,700 resistance zone under heavy pressure, and bulls lacking strength.
Mainstream coins show mixed gains and losses, with some altcoin sectors showing localized movements, and overall profit-making sentiment remains sluggish.
Over the past 24 hours, approximately $128 million in liquidations occurred across the network, with both longs and shorts triggering stop-losses, making market trading increasingly cautious.
The Fear & Greed Index is at 13, still in the extreme fear zone, indicating a lack of market confidence and a strong wait-and-see sentiment.
On the news front, weekend market liquidity is low, lacking major catalysts, compounded by profit-taking after the previous rebound, resulting in insufficient upward momentum, with macro bearish factors continuously suppressing the market.
From a technical perspective, short-term resistance for BTC is at 64,000-64,500, with support at 62,800 and 62,000; ETH resistance is at 1,700-1,750, with support at 1,630 and 1,590.
The current market is a high-level oscillation after a rebound, with the major bearish trend unchanged.
In terms of operation, avoid blindly bottom-fishing; consider shorting at resistance during rebounds, and lightly position at key supports for tactical trading; overall, stay cautious, strictly control positions, and set stop-losses.
⚠️Risk reminder: Cryptocurrency prices are highly volatile. The content is for market analysis only and does not constitute investment advice.