6.19 Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

Dragon Boat Festival Greetings! Since early morning, affected by the US stock market closure, the overall market liquidity has decreased, and volatility has narrowed. Last night, Bitcoin sharply dropped to a low of 62,232, then slightly rebounded in the early morning, maintaining a range of 62,500–63,100 with fluctuations. Ethereum also entered a narrow consolidation phase, rebounding from a low of 1,670 to around 1,690. The bearish pattern on the market remains unchanged, with very weak rebound strength, insufficient buying volume entering the market, merely a technical correction after a sharp decline, and the main downward trend remains intact. Yesterday, Zhilan's real trading followed the bearish trend, with Bitcoin gaining 3,038 points in a single day, and Ethereum gaining 133 points; Kengtan is already exhausted.

The daily timeframe bearish signals are now confirmed, with all moving averages aligned in a bearish configuration, showing obvious market weakness. Bitcoin's daily chart shows three consecutive bearish candles forming a "Three Black Crows" pattern, and it has now broken below the key support at 63,800. It is likely to return to the previous rally point near 59,080, with highs continuously decreasing. There has been almost no strong rebound during the decline, and the bearish structure remains unchanged. Ethereum on the daily chart shows a "Evening Star" pattern at the 1,800 resistance level, indicating a clear downward signal. On the four-hour chart, consecutive bearish candles continue, with highs steadily declining, forming a complete stair-step downtrend. The hourly rebound candles have very small real bodies, while the bearish candles have full bodies, indicating serious lack of bullish momentum. It cannot sustain a rebound above the 63,668 resistance; once it breaks below the 62,300 range centerline, the next target is the lower boundary of the range at 61,000.
Bitcoin: Around 62,800, target 62,300 → 61,000
Ethereum: Around 1,695, target 1,670 → 1,640
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