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June 18th, Thursday, Zhongling's Morning BTC/ETH Analysis
During the early hours, both bulls and bears repeatedly tugged and fought, continuing the shakeout game. The price briefly surged to 66,419 but was quickly met with short-term selling pressure, rapidly falling back to 64,749; however, buying support soon appeared, pushing the price up again. When the market returned near 66,000, it faced resistance again, with bullish momentum clearly lacking and upward movement weakening.
Bitcoin's daily chart shows a continuous downward trend with a bearish pattern, indicating ongoing weakness and strong bearish momentum. The weekly level is also under pressure from resonance, further opening the downside space. The 4-hour chart displays a typical stepwise descending channel, with highs and lows moving downward in sync, showing a clear rhythm. The current strategy remains to follow the trend and stay bearish; any rebound is an opportunity to short.
Trading suggestions:
Short Bitcoin in the 64,800-65,300 range, target 62,500 within the day
Short Ethereum in the 1,770-1,790 range, target 1,650 within the day
$BTC $ETH $SOL #我的Gate交易时刻 #预测世界杯英格兰VS克罗地亚 #SpaceX市值超越微软跻身全球前五