June 18 Morning Bitcoin Chart 🍜 Market Outlook

Bitcoin sharply declined below 3400 points, with the morning session directly locking in!
Yesterday's prediction of the 67,255 high point faced strong selling pressure, strictly avoiding chasing longs at high levels, prioritizing shorting on rebounds; the market accordingly retested the lowest at 63,881, with a significant downward trend fully confirming the forecast.
Four-hour rally with consecutive large bearish candles, bullish momentum completely exhausted, high points continuously moving lower, currently at 64,303, indicating oversold weak recovery.
The trend has entered a phase of deep correction, with no strong reversal or one-sided market in the short term; trading should wait for the high and low points within the range to enter, avoiding frequent opening of positions in the middle zone.

Resistance levels: 64,800-65,000, strong resistance at 65,800-66,200
Support levels: 64,000-64,300; strong support at 63,880
Trading suggestions:
1. Lightly short on rebounds in the 64,800-65,000 range, stop loss above 65,400, target 64,300-64,000. If support at 63,880 breaks, look towards 63,500, and gradually reduce positions to lock in profits.
2. After retesting and stabilizing at 63,880-64,100, consider low buy entries, stop loss below 63,600, target 64,700-65,000; if 63,880 is effectively broken, pause trading and wait for support at 63,000 to stabilize before going long. $BTC