6.23 Morning Thoughts Analysis and Trading Recommendations

Thoughts Analysis:
Big cake continued its pullback trend in the early hours. After consolidating and drifting lower from around 65,100, it tested the low near 63,758, then stabilized and rebounded. It is currently trading back above 64,100. From the market view, weekend trading volume has weakened; after a series of rebounds, the bulls chose to take some profits, causing a phased pullback. However, the 63,500-63,800 area has strong support—multiple retests have failed to break further down—indicating that institutional funds have not shown any obvious withdrawal. On the news front, the market continues to focus on this week’s Federal Reserve officials’ speeches, US economic data, and the capital flow direction of spot ETFs. Overall, the macro environment has not seen any clear deterioration. For Ethereum, after dipping to around 1,716, it quickly reclaimed the losses and is now trading back above 1,730. The trend is still mainly following big cake. In terms of technical structure, the resistance area of 64,500-64,800 above remains. The 1,750-1,760 region for Ethereum also faces strong selling pressure. Unless there is a breakout with increased volume, the market is expected to remain in a high-level range-bound consolidation. In the short term, the key is to watch the overhead pressure after rebounds and changes in capital flows.

Trading Recommendations:
Short big cake around 65,000-65,500, targeting 63,000 and 62,000.
Short Ethereum around 1,760-1,780, targeting 1,700 and 1,650. #美伊谈判第一轮结束 $BTC $ETH