6.22 Midday Bitcoin / Altcoin Market 🍜 Market Outlook

Bottoming and recovery with resistance, key level analysis!
In the morning, the market initially dipped sharply to 63,220 to trap sellers, then a strong bullish candle rebounded violently to 64,788, closing with a long upper shadow and pulling back under resistance. The 4-hour chart broke the recent narrow-range consolidation, completing a round of intense buying and selling.
After the surge and pullback, a small recovery candle appeared, with the current price at 64,136 returning to the previous consolidation zone; the long upper shadow indicates heavy selling pressure above, and the bulls' momentum has been exhausted in one push, leading to short-term range-bound consolidation, with the bullish trend temporarily paused.
Support levels: 63,800, 63,300
Resistance levels: 64,500, 64,788
Trading suggestions:
Bitcoin
1. Light long positions on retracement to 63,800-63,900, stop loss at 63,200, target 64,400-64,600
2. Short positions on rebound to 64,500-64,700 with resistance, stop loss at 64,900, target 64,000-63,800
Altcoins
1. Buy on retracement to 1725-1728, stop loss at 1698, target 1742-1755
2. Short on rebound to 1745-1758 with resistance, stop loss at 1762, target 1730-1725 $BTC $ETH