June 16 Morning Market Analysis $BTC $ETH

From the market trend, Bitcoin has experienced a prior rally, but on the weekly level, it has repeatedly attempted to break upward without successfully stabilizing. The selling pressure above is heavy, and the highs are gradually declining, indicating a typical rebound correction structure under a bearish trend.
Although there are occasional rebounds on the daily level, the overall pattern shows weakening rebounds with decreasing volume and increasing downward movement, and the short-term moving averages have turned downward, with bearish momentum continuously releasing.
On the 4-hour level, prices are moving along a downward channel, with the MACD lines below the zero axis and showing signs of a widening death cross, RSI has broken below the bullish-bearish dividing line and continues to decline, indicating a lack of market bullish sentiment.

Trading Suggestions

Consider short positions around 66,500 for Bitcoin, targeting 65,000-64,000; if it breaks below, look further down to 63,000. After reaching the target, a rebound can be expected.
For Ethereum, consider short positions around 1,830-1,840, targeting 1,800-1,780; if it breaks below, look further down to 1,750. After reaching the target, a rebound can be expected.