$BTC 6.20 Morning Market Outlook

This morning, the market fluctuations significantly increased, and the trend rhythm perfectly aligned with our earlier predictions. The key resistance zone at 63,600, which we repeatedly emphasized, is now fully showing its suppressive effect. The market briefly surged upward to 63,757, just slightly surpassing the predicted resistance level, but the bulls quickly lost momentum, and the selling pressure was instantly released, causing the price to be rapidly pushed back down. Many traders see a small rise and rush to buy, failing to recognize the hidden resistance above, making it easy to get trapped in high positions.
Meanwhile, we pre-locked the rebound’s extreme resistance points, accurately predicting that this surge would face resistance and fall back. We see through the strength and weakness of the bulls and bears, and every step of the market’s movement is within our forecast. Our analysis of the pressure turning points is clear and precise.

Looking at the 4-hour chart, the overall market focus continues to shift downward, with a clear downward channel pattern. This recent rally is merely a technical correction after a sharp decline, with no basis for a trend reversal. A large volume of transactions has accumulated above, forming a strong resistance zone. After testing the high, the price quickly fell back due to insufficient bullish funds. The medium- and long-term bearish pattern remains unchanged, and the rebound space is limited.
On the 1-hour chart, the price relies on support at lower levels and moves upward in steps. The short-term buying momentum is still decent, but after reaching the resistance level, long upper shadows appear, indicating rapid weakening of bullish energy. The subsequent candles show narrowing bodies, and the bulls and bears are in a slight tug-of-war. The momentum for further upward breakthroughs is severely lacking, so chasing the rally is not advisable.
From a trading perspective, blindly chasing the rise is not suitable. It’s more prudent to wait until the market rebounds to the resistance zone and then strategically open short positions.

Saturday morning Bitcoin trading advice: Short near 63,500-64,000, targeting 62,000;
Ethereum trading advice: Short near 1710-1730, targeting 1650.