June 19 BTC/ETH market morning report - Positive news turns negative, the rebound is an excellent opportunity to short.

CN
6 hours ago

Today is the Dragon Boat Festival, wishing everyone safety and health. This week, we have short positions on Bitcoin at 66800, 66900, and the current price at 66300, Ethereum at 1820, 1830, and 1795. The lowest point yesterday reached 62200 and around 1670, perfectly hitting the profit target. Those who needed to reduce their positions have done so, and remaining small positions should continue to hold for greater profit potential! The daily strategy continues to focus on short positions.

The current market is just a strong correction from an oversold condition, not a reversal bull market. A rebound to 63800-64300 may encounter selling pressure from trapped positions. The price is below EMA55 (64500) and the MACD shows a death cross. Currently, the daily and four-hour levels have a bearish arrangement of the 21/55/144 moving averages, and the bearish structure is complete, so do not blindly catch the bottom!

The much-anticipated US-Iran peace agreement was officially signed today. However, this significant geopolitical risk landing not only failed to boost the market but instead became a selling window for "fact selling," erasing all the gains triggered by previous peace rumors.

The Federal Reserve's June meeting kept interest rates unchanged, but the dot plot released extremely hawkish signals—9 officials expect at least one more rate hike by 2026. The market is pricing in a full-year "zero rate cut" expectation, with even the possibility of a rate hike at the end of the year. In a high-interest-rate environment, the attractiveness of crypto assets continues to decline, with institutions reducing positions to hedge, creating ongoing upward pressure.

Based on the above, the daily operation should focus on the resistance around 63900~64500~65500 above, with target support around 62200~60000~59200~57800~53000 below.

For Ethereum, pay attention to the resistance around 1738~1755~1780 above, with target support around 1680~1635~1580~1510~1440 below.

Remember to participate with small positions at all the above points, and reduce positions promptly when targets are reached, then aim for further strategies as prices reach key levels!

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