Tuesday, June 23 | Tang Long's Morning Big Coin and Two Coin Silk Exposure

Yesterday, Bitcoin rebounded to around 65,600 before facing resistance and falling back again, unable to stabilize after the surge, with obvious selling pressure at high levels. The one-hour chart has already shown a typical rebound-fall structure, and the rebound strength is gradually weakening.
From a technical perspective, the RSI indicator has been continuously declining from the overbought zone, indicating that the current rally lacks new buying momentum, and is more of a short-term rebound caused by short covering, not a true trend reversal. Meanwhile, the highs on the chart are constantly moving lower, and the bears are regaining control, with the overall weak pattern still unchanged.
Until a volume breakout above the key resistance level occurs, the rebound should still be viewed as bearish. In terms of trading, continue to follow the trend of going short on the rise, patiently waiting for entry at resistance levels.
Silk Exposure:
Big Coin: Short in the 64,500–65,000 range, target 62,500;
Two Coin: Short in the 1,750–1,770 range, target 1,640.