Tuesday, June 23rd Midday Market Analysis

BTC four-hour cycle rebound momentum has completely exhausted, with the 65,600 level facing strong resistance, clearly pressing down, and the main bearish trend is reaffirmed. The current price is consolidating in a narrow weak sideways movement around 64,000.
This upward move is only a technical correction after a deep decline, with no signs of bullish reversal confirmation. The Bollinger Bands remain diverging downward, and the medium-term downward channel is fully open.
The moving averages are arranged in a standard bearish divergence pattern, and the rebound impulse in the indicator chart is severely lacking. Market buying willingness remains low, and there is still room for further downward testing in the short term. The overall trading strategy is to follow the trend and go short at high levels.
BTC trading suggestion: Short positions around the pressure zone of 64,300-64,800, take profit at 63,200-62,600, stop loss at 65,500.
ETH trading suggestion: Short at 1,735-1,750, take profit at 1,710-1,670, stop loss #Gate股票7x24小时交易 at 1,780.