6.24 Midday Market Analysis

Bitcoin's daily chart shows a clear bearish pattern, with prices continuously pressured and falling since staying above 82,000. It has now broken below the middle Bollinger Band and is pressing against the lower band, with the channel widening to indicate a dominant bearish trend. The MACD histogram below the zero line continues to expand, showing no signs of shrinking. Although the KDJ has entered the oversold zone, the lack of a bottoming structure limits the rebound potential, making it prone to stagnation at lower levels.

On the 4-hour chart, prices are closely hugging the lower Bollinger Band, with the middle band at 63,700 acting as a strong short-term resistance. The MACD bearish momentum shows no signs of weakening, and there is no bottom divergence signal, indicating a complete downward structure. The 61,870 level is a short-term critical support; losing it could open the way toward the 60,000 psychological level.

Trading Suggestions
Buy in batches around 63,200-63,500, targeting 62,000-61,000.

Short positions directly around 1,680-1,690 for Ethereum, targeting 1,620-1,600.