6.17 Auntie｜Following Bitcoin's FOMC rebound, a bounce ≠ a reversal, volatile swings require careful position management

$ETH
Today completely side-lined with Bitcoin, observing sideways, the whole day just fluctuated between 1780-1820.
This wave rebounded from the low point of 1505, rising over 22% at its peak.
Yesterday, when it touched 1849, it quickly pulled back, with trading volume also shrinking significantly —
There is heavy selling pressure from trapped positions above, no one is willing to chase high,
It’s entirely supported by short covering from earlier positions, with no clear reversal trend emerging.

High short: around 1820-1840, with a gap to 1870, watch 1700-1750
Low long: around 1720-1750, with a gap to 1700, watch 1800-1850

All depends on the Fed FOMC’s stance,
The dot plot and chairman’s hawkish or dovish comments directly determine the market direction,
Auntie has more flexibility, with both gains and losses sharper than Bitcoin.

Ethereum ETF finally ended its continuous outflows this week and started to flow back in,
But most of the inflows are arbitrage positions,
It depends on whether they can turn into sustained spot net inflows,
Otherwise, the rebound won’t hold.

Auntie / Bitcoin exchange rate is still recovering from lows,
If Bitcoin trends upward, Auntie has room for a rebound;
But if the market weakens, Auntie will fall even harder,
Be careful not to follow the decline without riding the rally. #加密市场延续反弹