6.19 Friday midday market analysis

Switzerland announces that US-Iran negotiations will not be held as scheduled, causing a sudden 30-point drop in Bitcoin
Under the dual pressure of the Federal Reserve's "zero rate cut" expectation and fear sentiment, prices are under significant pressure, and bears are showing strong performance. The liquidation data across the entire network further verifies the strength of the bears. Resistance levels above remain stubborn, and support levels below need close attention. The current market structure is relatively weak, and there is still room for risk events to ferment.
Last night, the price broke below the support zone of 63,600-64,000, with the lowest dip near 62,300. It is currently in a corrective rebound phase after the decline, with an overall trading range of 62,300–64,000. The short-term key support is 62,300. If the price effectively breaks below this level, the downward space opens up, and it will test the 60,700-61,000 support zone. ETH fell and entered a corrective rebound, with short-term resistance concentrated in the 1720-1740 range. If the price cannot stabilize above this range, it presents a shorting opportunity for the rebound; intra-day small range is 1670-1720, with a large oscillation box of 1650-1740.
Once the 1650 support is broken, the market will further decline to the key support level of 1600.
BTC trading advice: Short near 63,200, take profit at 62,000-61,200, stop loss at 63,600
ETH trading advice: Short near 1720, take profit at 1650-1610, stop loss at 1750
Long positions can consider entering in batches around 1650, and for BTC, in batches around 61500.