6.21 Evening Bitcoin Chart 🍜 Market View


4-hour signal is clear, beware of deep retracement tonight!
This round started from the low point of 62836 with a continuous bullish rally, reaching a high of 64568 before facing resistance and pulling back, pushing up to form a long upper shadow and a large bearish candle, indicating the bulls' momentum is rapidly weakening. Currently, the price stabilizes around 64200 with narrow fluctuations.
In terms of candlestick structure, the previous consecutive bullish candles were interrupted by a long upper shadow bearish candle at high levels, entering a short-term high-level consolidation and correction phase. The bulls temporarily lose the upward breakthrough momentum, and the battle between bulls and bears intensifies.
Resistance levels: 64568, second resistance 64800
Support levels: 64000, strong support 63800
Trading suggestions:
1. Near the 64400-64550 zone, consider light short positions, target 64000, and if broken, look towards 63800;
2. Rebound from the 63900-64000 support zone to add to short positions, stop loss below 63800, rebound target 64300-64500. $BTC $ETH
BTC1.19%
ETH0.51%
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