Gu Jingci: 6.16 Bitcoin/Ethereum first bullish then bearish successfully took down with the latest market analysis

Bitcoin/Ethereum evening short positions retraced as expected, falling to around 65,600 and 1,760, respectively, with overall space still quite good. Currently, Bitcoin's overall trend is strong, with relatively small retracement力度, but resistance above remains明显. The 4-hour chart shows a rally followed by a pullback with an upper shadow, indicating selling pressure above. The daily candlestick is a bearish candle with a long upper shadow, showing short-term upward movement is blocked, and bullish momentum is weakening.

On the 4-hour technical indicator, the DIF and DEA lines are above the zero axis, but DIF has turned downward and is approaching DEA. The MACD histogram continues to shorten, indicating bullish momentum is weakening, with a short-term risk of forming a death cross. However, currently, the retracement bearish volume is relatively shrinking, so caution is needed regarding the sustainability of upward momentum. Focus on recent rising points at 64,000 and 1,700 as short-term support.

Trading suggestions: Continue short positions around 66,500 to 67,000 for Bitcoin, targeting around 64,000 to 65,000; continue short positions around 1,775 to 1,790 for Ethereum, targeting around 1,700 to 1,720.

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