6.23 Evening Bitcoin / Auntie Coin Market 🍜 Poem Perspective

Bitcoin and Auntie Coin are falling together; which side will see a bigger drop tonight?!
Today, Bitcoin and Auntie Coin's trends are synchronized, rising sharply then continuing to weaken. Bitcoin surged to 65,597 but faced resistance and dropped sharply, bottoming at 61,870, now at 62,354 with a slight rebound; Auntie Coin surged to 1,779 but then sharply retreated to 1,633, now at 1,657 with a slight recovery. The bulls are losing strength, and bears are dominating the market, with short-term rebounds weak and the overall weakness unchanged.

The 4-hour chart shows a double-top reversal pattern, with a series of large bearish candles breaking below short-term moving averages, indicating concentrated bearish sentiment. The current slight rebound is merely an oversold technical correction with no reversal momentum. Overall, tonight's market is expected to be sideways with a bearish bias; short-term rallies are better to be sold into. If support levels are broken, the downside space will further expand.

Bitcoin → Resistance: 63,000, 64,200; Support: 62,000, 61,800
Auntie Coin → Resistance: 1,675, 1,720; Support: 1,640, 1,633
Trading Suggestions:
Bitcoin
1. Rebound to 63,000, stop-loss above 64,200, target 62,000, break below to watch 61,800
2. Pullback to 61,800 for a light short position, stop-loss below 61,800, exit on resistance during rebound
Auntie Coin
1. Rebound to 1,675, stop-loss above 1,720, target 1,640, break below to watch 1,633
2. Pullback to 1,633 for a light short position, stop-loss below 1,633, exit on resistance during rebound $BTC $ETH $SOL