6.20 early morning BTC surged to 63,300 then faced resistance and pulled back, with medium- and long-term yellow moving averages continuing to press down, rebounds constantly facing pressure, highs gradually decreasing, and the bears increasing volume to probe the lowest at 62,800. Previously entered short positions remain profitable.

Trading reference: Short BTC in the 63,300-63,800 rebound range, with a downside target of 61,800; short ETH in the 1,720-1,740 rebound range, with a downside target of 1,660.
This small rebound is just a technical correction within the downtrend, with weak candlestick bodies, and the price has been unable to stabilize above the short-term cyan moving average. The bulls have no momentum for a counterattack, and there are no signs of a trend reversal. Although the purple moving average below is still upward, the short-term weakening structure has been established, and the probability of a key support break is high. The overall long-term trend remains bearish, and today’s strategy is still mainly to short at high levels. Do not chase shorts at low levels; wait for the rebound to reach the moving average resistance zone before gradually building positions, entering at higher prices, and controlling position risk. #币圈 #Gate现货交易量增幅全球第一 #SpaceX市值超越微软跻身全球前五 #TradFiCFD黄金大师赛 $BTC $ETH