$BTC 6.21 Early Morning Trading Recommendations


On Saturday, the market showed sideways movement for a long period, fluctuating within a range, with bulls and bears pulling back and forth. In the evening, external news triggered a rapid price surge. Bulls attempted to continue the momentum but lacked follow-through, and the market failed to hold the high level, showing a pattern of sharp rise followed by a fall.
The most testing aspect of trading is never market volatility but one's own mind. Many people panic and chase after the rise, then panic and exit during the pullback, frequently trading based on short-term price movements, which causes unnecessary losses.
Everyone's trading rhythm is different. There's no need to envy others who catch the waves; control impatience and impulsiveness, patiently wait for opportunities that meet your standards, and avoid being swayed by temporary news. Only then can you maintain your rhythm amid unpredictable market fluctuations.

From the 4-hour chart, this rebound is a consolidation after a sharp decline, not a trend reversal. Currently, the price has risen to the middle band of the 4-hour Bollinger, which is a key medium- to long-term resistance zone. Above, a large number of trapped positions will continue to create selling pressure.
Each upward move tends to be weak, with pullbacks and stagnation after peaks. The underlying structure of the large-scale bear market remains unchanged, and there is a clear ceiling on the rebound space.
From the 1-hour chart, tonight, external geopolitical news caused a large bullish candle to quickly push the price higher. Short-term bullish sentiment temporarily increased, but after reaching the stage high, incremental funds quickly exited, and consecutive downward candles formed, creating a standard impulse peak and fall pattern.
Short-term rebound momentum rapidly diminishes, and selling pressure at high levels gradually appears. The short-term market enters a consolidation phase. The rise driven by news lacks long-term capital support, and the short-term upward momentum is severely limited.

Sunday early morning Bitcoin trading suggestions: Short near 63,900-64,400, target down to 62,200.
Ethereum trading suggestions: Short near 1,730-1,740, target down to 1,680.
BTC0.76%
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