June 21st, Sunday Morning, Zhongling BTC/ETH Market Update Weekend Bitcoin liquidity has noticeably decreased, with bulls slowly pushing the price back above 64,000. On the daily chart, Bollinger Bands are narrowing rapidly, and the MA5 and MA10 moving averages are flattening, indicating a significant reduction in price volatility. With the Federal Reserve maintaining interest rates unchanged, Bitcoin is entering a relatively stable short-term phase, but overall market sentiment remains somewhat weak. On the hourly chart, after Bitcoin found support near 62,000, it formed an ascending wedge pattern. Bullish momentum is limited, and the MACD fast and slow lines are converging, showing signs of stagnation. Intraday, attention can be paid to resistance around 65,000, and trading should follow a range-bound approach. Trading suggestions: Short in the 64,500-65,000 range with a target of 62,500 Short in the 1,770-1,790 range with a target of 1,650 $BTC $ETH $SOL #我的Gate交易时刻 #美伊谈判推迟 #TradFiCFD黄金大师赛

6🈷️21 $BTC Comprehensive Market Analysis 🤯 News: Macro hawkish + institutional-related events suppress sentiment Federal Reserve factors: After the June 18-19 Fed meeting, the interest rate was kept unchanged, but hawkish signals were released (possible further rate hikes later). Combined with strong US employment data, this reinforces expectations for a high-interest-rate environment. This is unfavorable for risk assets such as BTC, causing prices to retreat from the high levels at the start of the week. Other events: Reports say Strategy (related to MicroStrategy) sold BTC to pay dividends, breaking the “never sell” narrative and increasing selling pressure in the short term. Overall market sentiment is in “Extreme Fear”. Positive side: In the long run, some countries/institutions still adopt bullish stances (for example, some countries may increase their BTC holdings), but in the short term this has not formed a positive catalyst. Summary: The news is neutral to slightly bearish, with macro tightening expectations dominating. 🤯 Capital flows: ETF outflows continue; institutional demand is weak Yesterday and in recent days: US spot Bitcoin ETFs saw net outflows (for example, over $90M outflow in a single day in the middle of the week). June continued the outflow trend seen in May-June (accumulating tens of billions of dollars over multiple weeks). BlackRock IBIT and Grayscale GBTC are the main sources of the outflows. Impact: The withdrawal of institutional funds directly increases selling pressure, and liquidity remains tight. Although cumulative inflows are still positive (~$55B historically), recent outflows are dominating, weakening rebound momentum. 🤯 Technical analysis: The idea I shared with everyone yesterday was that the “second probe” at this level was basically completed, but there will still be some range-bound movement. So does the market start to rebound after completing the second probe? However, since price needs to continue moving in a sideways range to the right, the strength of a short-term upside rebound won’t be very strong. Even if it moves upward, it will likely come back down and continue to fluctuate lower; then, after that, there will be a relatively larger rebound. So, in summary: a short-term rebound is likely. But at this current level, if there’s an opportunity to trade the range of 61,000 to 60,000, it’s still a good chance. On the day, also keep an eye on whether 64,700 can hold steady. Support: 63000-61000 Resistance: 64700-66500#我的Gate交易时刻

6.21 Morning Market Brief Short-term strategy: BTC: 64,300-64,800 buy dips, target 63,000 ETH: 1,745-1,765 buy dips, target 1,700 In the early morning, BTC rebounded from a low point and surged upward, but after reaching the high, the bulls lacked strength and pulled back. Overall, the market remains in a range-bound consolidation. A single upswing does not mean a trend reversal; chasing the rally can easily leave you trapped. Trading requires staying steady, and only acting after you clearly read the order-book momentum. Market analysis: The 4-hour chart surges into a key resistance area; incremental capital inflows weaken, showing a stagnation pattern after the spike. On the 1-hour chart, bulls and bears are balanced, but there is insufficient upward momentum and heavy resistance overhead. In the short term, consolidation is absorbing the move; sell pressure can be released at any time. The main idea is to short the highs on rebounds. #CryptoCircle #美伊谈判推迟 #Gate现货交易量增幅全球第一 #SpaceX市值超越微软跻身全球前五 $BTC $ETH