June 21 Weekly Summary

This week, BTC surged to 67,292 then faced resistance and sharply dropped, with a low of 62,272, and a slight rebound to 64,260, appearing as a V-shaped reversal, but in fact the rebound volume was insufficient, only a weak correction.

This week, relying on resistance for high-altitude positioning, Bitcoin gained 7,371 points, Ethereum gained 281 points, focusing only on certainty in the market, not blindly chasing rallies or bottom-fishing.

Currently, the coin price hovers around the Bollinger middle band at 63,769, with fierce bulls and bears struggle, and in a downtrend, the middle band often acts as resistance, with heavy resistance at 66,967. If volume cannot break through and stabilize, the market is very likely to decline again, with a break below 63,700 targeting 60,572.

This round of rebound was entirely with reduced volume, with no main capital entering, only retail and short covering driving a slight increase, and market support is very weak. The daily moving averages remain bearish, and the major correction trend continues. Next week, the strategy is to look for pullbacks when facing resistance.