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Thursday Review Summary and 6.19 Thought Sharing
Market Review: Yesterday, Bitcoin surged to a high of 66,419 in the early session but then continued to weaken, with the rebound strength weak and the highs and lows constantly moving lower. In the evening, it accelerated downward, reaching a low of 62,232. Ethereum dropped from 1,798 to 1,678. The intraday short-selling strategy was fully realized.
Layout Summary: Throughout the day, the short-selling mindset remained unchanged, with a perfect record of five wins out of five trades. Bitcoin’s three short positions gained a total of 2,800 points, while Ethereum’s two trades gained 56 points. By accurately predicting the major bearish trend, all resistance levels and downward rhythm were announced in advance, with no post-hoc logical justification. Many people saw a slight rebound and blindly bought the dip, resulting in deep losses, while partners following the layout calmly captured the entire downward space. The difference in predicting the market turning point is clear.
Looking at the one-hour chart, each small rebound only represents a brief correction during the decline. During rebounds, buying momentum is weak, and the upward movement is limited. Soon, concentrated selling pressure reemerges, weakening the rally. The market is dominated by the bearish rhythm throughout, with no signs of reversal or strength. Temporary stabilization is just a prelude to a new wave of decline. As long as there is no sustained volume breakthrough above the resistance zone, the weak trend will persist.
On the four-hour chart, each rebound candlestick has a small real body, indicating poor bullish continuation. Large bearish engulfing candles often follow, swallowing the gains from the rebound. The previous oscillation zone above has turned into a long-term strong resistance. Prices continue to move along the downward channel. Short-term capital support at low levels only provides minor buffers, insufficient to reverse the overall downward structure. The long-term bearish trend is already established, and each rebound is a suitable window for pressure layout.
In terms of operation, maintain the short-selling mindset and follow the trend.
Friday early morning Bitcoin trading suggestion: Short near 62,800-63,300, targeting 61,500.
Ethereum trading suggestion: Short near 1,680-1,700, targeting 1,650.