$BTC Friday recap summary and early morning thoughts sharing on 6/20

Market review: On Friday, Bitcoin remained within the 63,500-62,200 range all day, dipping to the intraday low of 62,232 early in the session before finding support. Throughout the day, bulls and bears alternated in tug-of-war, with small high-low switches within the range multiple times. The rebound strength during the session was gentle, with no signs of a one-sided sharp rally or sustained plunge. Near evening, driven by positive news of Israel's ceasefire, prices concentrated on upward rebounds, testing resistance zones above. The overall trend was mainly a low-level oscillation for recovery, without forming a one-sided market. Summary of positioning: Intraday, mainly short-term shorts, with only about 500 points of movement, but in a choppy market, we kept taking profits quickly. Many traders only focus on the price fluctuations and panic trading, unable to see the hidden resistance above. The market's movements repeatedly confirmed our predictions perfectly, demonstrating a clear grasp of market strength and resistance levels.

Before analyzing the market, I want to emphasize again that today's live session and post pre-judged the current rebound's resistance high at 63,600. Throughout the day, the highest price only reached 63,400 before the rally stalled. The entire trend stayed within our predicted range. Looking at the 4-hour chart, the overall upward momentum rapidly weakened, and the market officially entered a sustained decline channel. The price’s overall center of gravity kept shifting downward, forming a typical weak structure with a high rebound point gradually decreasing. On the 1-hour chart, after the rally, bulls lacked momentum to continue upward expansion. The forces of bulls and bears entered a brief balance, with each small upward attempt met with selling pressure, and during pullbacks, there was support at lower levels. Overall, it maintained a narrow range of oscillation. The short-term rebound was merely a phase of correction driven by news stimuli, not changing the underlying weak long-term structure. The short-term resistance above firmly limits upward space. After a period of consolidation, bears still have conditions to re-attack and push lower. Trading strategy remains mainly short on rebounds, avoiding counter-trend long positions.

In the early hours of Saturday, suggested operation for Bitcoin: short near 63,100-63,600, target down to 61,500.
Ethereum operation suggestion: short near 1710-1730, target down to 1650.