6.23 Morning Bitcoin / Auntie Coin Market 🍜 Market View

Is the rally fading after a surge?!
Bitcoin oscillated from 63,000 up to a new high of 65,597, with selling pressure at high levels causing a series of downward closes back to 63,964; Auntie Coin also surged to 1,779 before plunging, now at 1,724, both showing long upper shadows after the surge, indicating exhaustion of bullish momentum.
The 4-hour chart shows long upper shadows with consecutive declines, the highs moving lower, indicating exhausted bullish momentum and continuous selling pressure, short-term is weak, Auntie Coin and Bitcoin are resonating together in weakness, with long upper shadows at high levels and consecutive bearish candles, increasing volatility and weakening rebound strength.
Bitcoin → Support levels: 63,900, 63,200; Resistance levels: 64,600, 65,000
Auntie Coin → Support levels: 1,715, 1,700; Resistance levels: 1,745, 1,760
Trading Suggestions:
Bitcoin
1. Rebound to 64,500-64,600, stop-loss above 65,000, target 63,900, if broken down look to 63,200
2. Stabilize around 63,900 with light positions, target near 64,500
Auntie Coin
1. Rebound to 1,740-1,745, stop-loss above 1,760, target 1,715, if broken down look to 1,700
2. Stabilize around 1,715 with short positions, target near 1,740 $BTC $ETH