Wednesday, June 17th BTC Morning Outlook

In the early hours, impacted by the Federal Reserve's hawkish stance, the market surged then pulled back, currently oscillating around 65,500. Previously, support formed by the 65,300 moving average was briefly broken, causing a short-term shift downward in the focus, and this rebound was only driven by short covering, with no institutional capital inflow, and the long-term downward pattern remains unchanged.
Technical: Short-term support at 64,800-65,000, with a key defense at 63,500 below; first resistance at 66,800, with medium to long-term strong resistance at 71,132. The four-hour indicator quickly turned downward from overbought, gradually releasing selling pressure, and the rebound momentum has fully faded.
Funds and Macro: The Federal Reserve maintains high interest rate expectations, U.S. Treasury yields rise, funds continue to flow out of U.S. stocks and new aerospace IPOs, spot market capital channels continue to drain, and on-site liquidity tightens. Last night's hawkish comments suppressed all high-volatility assets, and short-term bearish sentiment is intensifying.
Trading suggestion: Pull back to 65,500-65,000 to look for opportunities, target $BTC 67,000.