$BTC 6.19 Evening Market Outlook

Today, Bitcoin's overall volatility was limited, with the afternoon market continuing to fluctuate narrowly between 62,200 and 63,000. The rebound momentum in the market was severely lacking, making it unsuitable to blindly buy the dip in hopes of short-term rebounds, as the risk far outweighs the reward. We still adhere to the core strategy of shorting on rebounds; as previously analyzed in the live room, the short-term strong resistance is around 63,600. There's no need to stubbornly wait for the absolute high; once the market rebounds to around 63,000, it’s a good time to establish short positions. 62,200 is only a temporary short-term support. Considering the overall downward trend, breaking this support is only a matter of time. The bearish momentum continues to accumulate, and once the market opens up further downside space, the target zone below is expected to be between 61,500 and 60,800. Operating in line with the trend remains the prudent choice at this moment.

Looking at the 4-hour chart, the overall market focus continues to shift downward, forming a standard bearish structure with both highs and lows moving lower. After the price dips to a low level, it enters a narrow range of consolidation, during which the bullish candles are small, and the continuation of the rebound is very weak. Each small rally fails to break through the upper resistance zone, and the buying strength is seriously insufficient. The low-level oscillation is only a brief pause during the decline and does not indicate a reversal signal. The previous consolidation zone above has transformed into a strong resistance zone. In subsequent rebounds approaching this resistance, it’s an ideal window for high-altitude shorting. Short-term support only provides temporary backing; the long-term downtrend has not ended, so blindly buying the dip is not advisable.

Friday night Bitcoin trading suggestions: Short near 62,800-63,300, targeting 61,500.
Ethereum trading suggestions: Short near 1,700-1,730, targeting 1,650.