Gujingci: The long position ideas repeatedly reminded for Bitcoin/Ethereum on 6.18 have played out as expected with a decline, early morning strategy analysis

Bitcoin/Ethereum previously reminded to go long near 1600 and 1650 multiple times; during the recent rally, it also repeatedly warned to enter short positions. The market has been pushing higher and then pulling back, and the overall space can be observed. Currently, the market is rapidly declining with a weak overall trend. In the early morning, focus on whether the 62,000 and 1,680 levels can form short-term support. On the 4-hour chart, recent candlesticks have been consecutively bearish, indicating that the bearish force dominates, and the short-term top selling pressure continues to push the price downward. On the daily chart, after a volume-driven rally, three consecutive bearish candles have retraced most of the gains, showing that upward momentum is weakening, and the market has shifted to a downtrend.

On technical indicators, the 4-hour chart's DIF line has crossed below the DEA line to form a death cross, and the MACD histogram continues to diverge downward below the zero line, indicating strong bearish momentum and a clear downward trend. However, during the decline, the price also approached the previous rally points at 1,670 and above 62,000, which require close attention to whether these levels break. If support holds, there could be a rebound and upward push.

Early morning trading suggestions: Buy near 62,300 to 62,600 for Bitcoin, targeting around 64,000; buy near 1,680 to 1,690 for Ethereum, targeting around 1,760, with support at 61,000 and 1,650.

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