June 22 Morning Market Analysis $BTC $ETH

Bitcoin sharply retested the key support level at 63,500 in the early hours and stabilized, rebounding. Although short-term trading volume has not yet shown explosive growth, the overall correction structure has become more complete, and buying support is emerging below. Ethereum's market shows particularly strong resistance to decline, currently consolidating within a narrow range around 1710, demonstrating a strong buildup characteristic.

Although the Bitcoin daily Bollinger Bands still show a downward trend overall, with the upper band continuously pressing down and the price remaining below the middle band, the current price has approached the regional bottom area, and the bearish momentum has significantly weakened after previous release. While there is resistance near 64,300 above, combined with the stabilization performance in the early hours, this is more likely a key point for bulls to use the opportunity to shake out weak hands and clear out floating positions. The candlestick charts frequently show long lower shadows at low levels, indicating strong buying support below, and the downward pressure from bears has been significantly compressed. Therefore, follow the trend in operations, and it is recommended to buy on dips around support areas to seek a rebound.

Trading Suggestions:
Go long in the 63,200-63,500 range, targeting around 65,000-66,000

Go long in the 1,700-1,720 range for Ethereum, targeting around 1,760-1,800