6.22 Morning Market Analysis

In the early hours, Bitcoin retreated to test the 63,500 support level, completing a stabilization and rebound. The trading volume did not significantly increase, and the correction phase completed its full cycle; Ethereum showed stronger resilience, with a smaller decline, continuing to fluctuate sideways around 1710. The current round of correction risks are basically digested, and the subsequent trend is more inclined toward sideways rebound, with minor fluctuations during trading not needing anxiety or worry.

From a cyclical structure perspective, after two consecutive bullish candles on the daily chart, a normal pullback occurred, and overall it remains in a low-range box oscillation; medium to long-term, it relies on short-term moving averages to operate steadily, with an intact upward oscillation pattern. The four-hour K-line stays close to the moving averages, and the bullish dominance pattern remains unchanged. The current price is oscillating around the previous breakout point, with downward space already compressed, so the short-term outlook favors continued upward rebound. The recent quick recovery from the channel lower boundary clearly indicates a bullish consolidation shakeout, and after gathering strength, conditions for further rise are sufficient.

Morning Trading Reference

BTC: Buy in batches at 63,000—63,500, aiming for an upward target of 65,500
ETH: Buy in batches at 1,680—1,700, aiming for an upward #我的Gate交易时刻 target of 1,800