June 23 Market Analysis: Narrow Convergence Nearing the End, Big Market Coming Soon

I'll just give the conclusion directly:

👉 Now is not the time to act on a direction, but to wait for a direction.

Whether it's BTC or ETH, both have entered a clear convergence phase.

Oscillations are getting smaller, and volatility is weakening.

This kind of trend usually indicates:

👉 The market is preparing for the next big move.

So recently, the most important thing is not to open trades frequently, but to patiently wait for the market to give an answer.

📊 ETH Market Analysis

ETH was resisted and pulled back near the 1775 resistance level suggested last night on Saturday.

This indicates that the current 4-hour convergence structure is still valid.

The market has not yet truly chosen a direction.

📍 ETH Key Levels

🟢 Support below:

1710

1690

This is currently the most important defensive zone.

👉 As long as this range is not effectively broken downward and cannot recover,

ETH still has the chance to break upward.

🔴 Key resistance above:

1780

This is the most important level for direction choice right now.

🟢 Long Entry Strategy

Only one condition:

👉 Break through 1780 and successfully stabilize.

If after breaking through, it pulls back for confirmation,

then there is a chance to continue towards:

1820

1830

nearby resistance zones.

👉 The core logic is simple:

Break through 1780,

which means the entire 4-hour convergence structure has completed its direction choice.

The only thing to do afterward is:

Follow the trend.

📊 BTC Market Analysis

BTC has now entered a narrow-range platform on the daily chart.

Market volatility has significantly decreased.

Trading volume is also continuously shrinking.

This usually indicates:

👉 The market is waiting for the next direction choice.

📍 BTC Key Levels

🟢 Support below:

63000

This is currently the most important defense level for bulls.

👉 If it falls below 63000 and cannot recover:

The market structure will weaken significantly.

Bulls will enter a passive situation.

🔴 Key resistance above:

64600

As long as it stays above 64600,

the overall structure remains relatively strong.

For further upward movement, focus on:

66600

66900

Resistance zones.

🧠 The essence of the current market

There are only two words:

👉 Waiting.

Not rising.

Not falling.

Just waiting for the real direction to appear.

⚠ The behavior most likely to cause losses recently

❌ Chasing highs and selling lows back and forth

❌ Frequent trading in oscillations

❌ Heavy bets before the direction emerges

The biggest feature of this convergence market is:

👉 The previous constant frustration

👉 Only one chance given later

🧠 Chief's Viewpoint

ETH focus:

👉 Whether 1780 can be broken

BTC focus:

👉 Whether 63000 can be lost

👉 Whether 64600 can stay steady

Before the direction appears:

👉 Less movement

👉 Less guessing

👉 More patience

📌 To sum up in one sentence

👉 The real big move often happens when things are the most boring.

The market is now increasingly approaching a turning point.

Next, there is only one thing to do:

Wait for the direction to appear, then follow it.

💬 Interaction

Do you think this time will:

📈 Break upward

or

📉 Break downward?

Share your opinion in the comments.