June 21 Morning Analysis

15-minute short-term cycle: KDJ has already formed a death cross, signaling an early pullback;
1-hour short-term cycle: Oscillator indicators have entered the overbought zone simultaneously, suppressing the short-term upward movement;
4-hour medium-term cycle: The overall bullish trend structure remains intact, only the short-term indicators are overextended, and this pullback is a continuation correction during an upward trend, not a trend reversal;
Cycle summary: Small cycles are resonating together for a pullback, the medium-term rebound pattern remains unchanged, and the market shows a rhythm of “short-term consolidation, medium-term bullish.”
Yifan personally suggests around 64,450-65,000, targeting near #BTC 63,500-62,800.