June 23 Tuesday Midday Market Analysis

BTC four-hour cycle rebound momentum has completely exhausted, the strong resistance at the 65,600 level is significantly pressing, and the main bearish trend is reaffirmed. The current price is consolidating in a narrow weak sideways range around 64,000.
This upward move is only a technical correction after a deep decline, with no bullish reversal confirmation signals appearing in the market; the Bollinger Bands remain diverging downward, and the medium-term downward channel is fully open.
The cycle moving averages are arranged in a standard bearish divergence pattern, and the indicator in the chart shows that the rebound impulse is severely lacking. Market buying interest remains subdued, and there is still room for further downward testing in the short term. Overall trading strategy favors following the trend to 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 at 1,780.