6.18 Thursday early morning Bitcoin and Ethereum market analysis and trading suggestions

Respect the market, follow the rhythm. Reviewing the early morning market, driven by news sentiment and influence.
The bearish force continues to be released, with Bitcoin under pressure from 66,400, oscillating downward,
breaking through multiple short-term support levels one after another, with the lowest reaching 63,881. After a slight rebound, the current price is at 64,419;
Ethereum also begins its downward trend, with the low touching 1,724.
All of yesterday’s real trading positions in Zhilan have been fully closed for profit, accurately capturing the V-shaped reversal,
Bitcoin gained a total of 1,840 points in space throughout the day, and Ethereum secured 70 points, both safely in hand.
Today’s strategy is to adjust in a timely manner with the trend.

After continuous decline in the early morning, the market sentiment has returned to a bearish rhythm,
short-term trend weakening.
On the daily chart level, Bitcoin is under pressure from the middle band, with the candlestick showing a long upper shadow,
a small double top combined with a bearish engulfing candlestick pattern.
If the daily level breaks below 63,800, the rebound will end here, and it will seek support further downward.
At the four-hour level, the high points continue to decrease,
the previous upward correction has evolved into a new round of decline,
each rebound in the short cycle is relatively weak,
currently breaking below the middle band of Bollinger Bands, operating near the lower band,
the middle band has shifted from support to resistance, indicating a downward correction in the downtrend.
The hourly level is currently running close to the lower band, with continuous downward candles,
rebound candles are small in real body, and bulls are lacking strength.
In the short term, after some recovery and adjustment, further support will be sought downward,
rebounds are opportunities for short entries.

Bitcoin: Short in the 64,800-65,300 range, target 63,800-62,800
Ethereum: Short in the 1,760-1,780 range, target 1,713-1,660
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