6.13 Saturday ETH midday thoughts As of now, Ethereum's current price is trading in the $1660-$1670 range, with a slight decline over 24 hours, and overall trading volume continues to shrink, following Bitcoin into a low-range sideways consolidation phase after the decline. The trend is weaker than Bitcoin, with the ETH/BTC exchange rate remaining in a low zone, and capital preference clearly shifting towards Bitcoin. From the daily technical structure, all medium- and long-term moving averages are arranged in a bearish configuration from top to bottom, with the 15-day moving average at $1760 and the 30-day moving average at $1899 forming layers of resistance, with strong resistance locked around $1900. The Bollinger Bands are opening downward, and the price is running close to the lower band. The MACD indicator remains below the zero line, indicating that bearish momentum has not fully dissipated. However, after multiple tests of the $1500 support level, trading volume has gradually decreased during the decline, which is a typical sign of bearish momentum exhaustion. The $1600 level is the last defense for the bulls; if it is broken effectively, it will open the downward space toward the key level of $1460. In the short-term 4-hour chart, a repeated bottoming pattern has formed, with several dips not breaking new lows, and the lows gradually rising, indicating a weak bottoming structure. However, the rebound strength is severely lacking. The first short-term resistance is at $1690-$1710. Only by stabilizing above this range can the short-term downtrend be potentially reversed. Trading suggestion: watch for a rebound at $1700-$1720, with a target of $1650. If broken, look $BTC toward $1600.

June 13, Saturday BTC Midday Thoughts As of the Asian session, BTC is consolidating with low volume between $63,570 and $63,780, closing slightly higher over 24 hours, with very minimal overall volatility. This is a weak correction after a previous sharp decline, and the weekly chart shows only a slight rebound, not reversing the downtrend. On the capital side, US spot ETF redemptions continue at large volumes, coupled with the Fed's rate cut expectations falling short and US bond yields rising. Institutions are continuously reducing their positions, which is the core bearish factor suppressing the market. The reduction of holdings by leading assets also intensifies market panic. From a technical perspective, after the price retraced, the high-level trapped positions are concentrated, with obvious resistance levels above. The short-term moving averages are forming resistance, and the rebound strength is weak. Fortunately, after continuous declines, leveraged contract liquidations have been fully cleared, miners' selling willingness has dropped to historic lows, and support below is gradually stabilizing. Trading suggestion: Watch for a rebound at 640-645, with $BTC a target of 625.

【$BTC Short Selling Strategy Update】 🟢 Result: 0.89 → 0.50, a 17.19% decline confirming the bearish logic. 🟡 Action: Recommend taking 80% profit, move the stop-loss on the remaining 20% up to the cost price (break-even). 🔴 Reminder: Do not chase the short, wait for the next signal. Opportunities are every day, preserving capital is the most important. ‍$ETH $SOL