$BTC 6.19 Afternoon Market Outlook

Today’s morning session until noon, Bitcoin's overall volatility was limited, with the market continuously oscillating and consolidating in the 62,200 to 63,200 range. Although there was a small rebound driven by some buy orders at the low levels, the rebound strength was very weak, with no momentum to break through the upper resistance zone. The overall bearish structure remains unchanged. Therefore, we continue to adhere to our previous core strategy of high-level shorting, prioritizing short positions around resistance zones, and avoiding rushing to buy the dip. From the broader trend perspective, the current decline has not fully played out, and there is a high probability that the market will further test key support levels at 61,500 and 61,000. The safest approach now is to follow the trend.

Looking at the 4-hour chart, after reaching a recent high and topping out, the upward trend has completely ended. The market’s center of gravity continues to shift downward, with each minor rebound reaching lower highs than the previous one, indicating a complete medium- to long-term bearish structure. After this deep decline touched the low support, only small-bodied recovery candles appeared, showing a lack of bullish continuation. Multiple resistance zones above form layered suppression. On the 1-hour chart, the low-level oscillation is merely a short-term pause after a sharp decline, with no signs of sustained bullish volume. The overall structure remains weak with a gradual downward trend, and short-term rebound potential is limited, with resistance zones turning into strong pressure areas. In terms of trading, short positions should be prioritized, and caution is advised when considering longs.

Friday afternoon Bitcoin trading suggestion: Short around 63,100-63,600, targeting 61,500.
Ethereum trading suggestion: Short around 1,710-1,740, targeting 1,650.