6.21 Afternoon Thought Sharing

$BTC Early this morning, Bitcoin's price gradually rose, continuing to fluctuate and consolidate above 64,000 in the early session, with bulls and bears in relatively balanced competition. During midday, the bulls gained momentum and pushed higher, breaking the rebound high of 64,568, but selling pressure above was quickly released, causing the market to spike up and then fall back, forming a long upper shadow. The four-hour chart shows a doji candlestick, with bullish and bearish forces approaching balance, and the market nearing a turning point, indicating an upcoming clear directional move. During consolidation phases, traders' patience is most easily worn thin, as many cannot withstand the repeated sideways movements, leading to losses. Learning to settle your mind, ignoring minor fluctuations, and patiently waiting for a clear trend signal is key to capturing high-quality opportunities.

From the four-hour chart, after the price surged to test the key resistance zone around 64,500, the upward momentum weakened, and a bearish candle closed lower. The previous dense trading zone above formed strong resistance. This rebound is merely a correction after a sharp decline; the medium- to long-term downward structure has not been fully reversed. Currently, the price is oscillating within a narrow range below the resistance level, with bulls and bears in a tug-of-war, and insufficient upward momentum. From the one-hour chart, the price surged and then fell back, forming a long upper shadow candlestick. Going forward, the price will consolidate within a range below the high point, with the candlestick bodies narrowing and volatility decreasing. Short-term capital inflow is lacking, unable to push to new highs, and there is no strong trend in the short term. It is likely to maintain range-bound consolidation to digest overhead pressure, with a trend reversal window approaching.

Sunday afternoon Bitcoin trading suggestions: short at 64,300-64,800, target down to 63,000; Ethereum trading suggestions: short at 1,740-1,750, target down to 1,700.