June 18 Morning Market Analysis

Every step on the path counts, take it slow, and you'll eventually get there.
Reviewing the late-night repeated battles between bulls and bears to shake out traders.
In the early session, after a surge to reach the 66,419 high point,
short-term selling pressure suddenly surged, causing a rapid decline back to 64,749.
Support appeared below, leading to a rebound and rally,
reaching near the 66,000 resistance level, encountering resistance and pressure.
The bulls' upward push weakened, and then the market oscillated downward again,
with the lowest dip to 63,881, completing a large wave of sharp fluctuations within the day.
This round of market movement is a high-level zone shakeout, not the start of a one-sided trend,
trapping and harvesting short-term follow-up orders with repeated needle-like moves.
Focus on the key support at 63,880 and the resistance above 66,000.
Only after stabilizing above resistance can the bulls continue the rebound space,
losing the support level means further downward testing of the support zone.

From the current market situation,
the daily chart shows two consecutive bearish closes,
stuck under the middle band, unable to further open the upward channel,
but bullish momentum is gradually increasing,
indicating market bullish sentiment is high.
The long-term cycle remains in an upward channel,
the four-hour chart shows a step-down pattern from the upper band,
with the recent needle-like moves, the market has entered a rebound phase after a sharp decline,
the subsequent strategy remains mainly low-buying,
follow Ning Ge's real trading to grasp every wave of the market!

BTC: Buy near 64,000, target 66,000
ETH: Buy near 1,750, #我的Gate交易时刻 target 1,820