Latest Developments on 6.13

1️⃣Market Trend: BTC fluctuates within a narrow range, with strong resistance at 63,500-64,000, less than 500 points of volatility, in the rebound and correction stage; weekend trading volume is weak, with multiple pullbacks at highs, and the range is gradually narrowing.

2️⃣Trading Strategy: Short positions at high levels are roughly at break-even; to go long, wait for a pullback to the bottom support trendline; currently no high-quality opportunities, it is recommended to reduce positions and observe, avoid blindly opening new positions.

3️⃣Market Outlook: In the short term, likely to continue oscillating, gradually declining toward 62,000; before the trend direction is confirmed, expect repeated pullbacks to shake out traders, with a higher probability of downward movement.

4️⃣Bearish Factors: The listing of SpaceX and the World Cup opening divert market funds, creating a draining effect, leading to subdued trading activity in the crypto market and a tendency for prices to decline.

5️⃣Positioning and Layout: Large opposing positions have accumulated between 62,000 and 64,000; later, consider short positions in the 65,000-66,000 range, targeting a move down to 62,000.