$BTC 6.14 Morning Market Outlook

Nighttime Bitcoin surged to around 64,300, then slightly pulled back after reaching the high, with a low of 63,800, currently back above 64,000 with sideways consolidation. It’s clear that resistance is evident above, and the market is repeatedly tugging at the 64,000 level. I have also repeatedly advised to position for short positions. Whether the price can effectively break through the resistance zone later depends on the overall situation; detailed medium- to long-term analysis can be found in the nighttime update. At this stage, the short-term outlook remains bearish at high levels.

Looking at the 1-hour chart, multiple tests of the resistance zone have failed to break through effectively. The highs are gradually rising, but frequent upper shadows indicate ongoing selling pressure above, and bullish momentum is showing signs of weakening. Although the short-term moving averages are still trending upward, the candlestick bodies are narrowing significantly. The longer the price consolidates at high levels, the higher the probability of a pullback. During the rebound, there has been no sustained volume-driven breakout, more like a high-level oscillation after a weak rebound, providing a suitable entry point for short positions.
On the 4-hour chart, the rebound pace has clearly slowed down. When approaching resistance levels, there are no signs of volume breakout; instead, volume is shrinking, indicating that bullish strength is insufficient to push prices higher. This could easily lead to a “stagnant high” bearish signal.

Sunday morning Bitcoin trading suggestion: Short around 64,200-64,700, target 63,000;
Ethereum around 1,680-1,700, target 1,650.