Wednesday, the bearish momentum remains unchanged, waiting quietly for the cold wind to blow!

Yesterday, the Asian and European markets continued to decline due to stock market influence, but during the US session, there was no further breakthrough beyond 619, ultimately consolidating at a low level and closing below 63,000. Although there was no continuation, the adjustment and pressure testing were obvious. Overall, the market still shows a relatively weak performance, with a large bearish candle on the daily chart!

In the morning, Korea's KOSPI opened up 1.9%. The Nikkei 225 opened down 0.25%, showing slight easing. The Bank of Japan's June meeting indicated a hawkish tone, with several members believing that further rate hikes are appropriate. According to Federal Reserve observation data, the probability of holding rates steady in July is now 65.8%, and the chance of a 25 basis point hike is 34.2%. Under the hawkish background of these sectors, even if the market rebounds, it won't have much fluctuation, as the overall environment remains bearish!

In the early session, there was a small rebound, but it lacked momentum to continue. Currently, resistance is concentrated around 635, with support at 608. The pressure testing at this level is quite clear. Given this rhythm, just follow short-term high shorting operations. Those who held overnight shorts can wait, and those without positions can go directly short!

For Bitcoin, short at 627-630 zone, double down at 638, with targets at 617-603-596!
For Ethereum, short directly at 1675 zone, with targets at 1625-1565 zone.

That's all for now. Wishing everyone smooth trading and success! #以太坊基金会重组降本 #芝加哥期权交易所推预测平台 #美光与Anthropic达成战略合作 $BTC $ETH $SOL