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

Yesterday, influenced by the stock market, the Asia-European session continued to decline, but by the US session, it did not break through 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 performed quite sluggishly, with a large bearish candle on the daily chart!
This 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 Fed 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 is bearish!
In the early session, there was a small rebound with no momentum to continue. Currently, pressure is concentrated at 635, with support at 608. This level's pressure testing pattern is quite clear. Under this rhythm, just follow short-term high-selling operations. Those who held overnight can wait, and those without positions can go directly short!
Bitcoin, directly short in the 627-630 area, double short at 638, with targets at 617-603-596!
Ethereum, directly short in the 1675 area, targeting the 1625-1565 zone.
That's all for now. Wishing everyone smooth sailing and happy trading! #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